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Market Update: July 23, 2007

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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]

Updated December 28, 2010 and originally published July 23, 2007.

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Luke Landes is the founder of Consumerism Commentary. He has been blogging and writing for the internet since 1995 and has been building online communities since 1991. Find out more about Luke Landes and follow him on Twitter. View all articles by .

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avatar 1 Anonymous

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…

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avatar 2 Anonymous

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.

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