Bill Fleckenstein is seeing signs of a bubble. S&P 500 up to 1,540.92, Dow up to 13,934.56, Nasdaq up to 2,690.85. [CNN]
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{ 2 comments… read them below or add one }
I’m not a market guru, but I agree with Bill that the fundamentals underlying a bull market of this magnitude are missing. Some market signals show that we may be entering, or close to entering, a recession, yet the market continues to set records.
Only time will tell…
While there might be some merit to his arguments, you have to realize that Bill Fleckenstein has been predicting doom & gloom for the stock market for years. I stopped reading his columns because they all began to sound alike: “We’re due for a big crash, everyone else is ignoring the signs, I’m the only one smart enough to see it coming, etc.”
He’s started to sound to me like the boy who cried wolf too often.