Bill Fleckenstein: Market Will Crack Within 6 Months

Bill Fleckenstein talks about why he thinks the stock market will crack within 6 months, why Paul Krugman is a "world class idiot" and the state of monetary policy today.

Bill is a professional money manager with over 30 years of experience. He has written daily commentary on market action since 1996 and FleckensteinCapital.com launched in 2003. His website is: https://www.fleckensteincapital.com/

QTR Podcasts are always free, but some people choose to make a small recurring donation, which is gratefully accepted: https://www.patreon.com/QTRResearch

All podcast content is subject to the following disclaimer: http://www.quoththeravenresearch.com/disclaimerterms-of-service/

THIS IS NOT INVESTMENT ADVICE

Visit www.quoththeravenresearch.com for more on QTR.

Comments

new game chippers Thu, 07/19/2018 - 04:49 Permalink

coming is just another round of devaluation from a print fest. all they can so print and suppress bonds with qe.

whilst they strip mine small percentages which is billions upon billions from trillions due to leverage.

"simple shit maynard"

dr decreed scammers as they are gods of money-controllers of mankind, ie;sociopathic money psychopaths.

oh, so high and mighty money gods from our top universities enabling the current heist of wealth from the labor of all of mankind.

In reply to by chippers

Truth_Hoits Dolar in a vortex Thu, 07/19/2018 - 09:16 Permalink

Well, good old Bill Fleckelstein, is a permabear. Makes ZH look like permabulls... He's never bullish. The only time he's right it's when the market is going down. 

He's about as useful as a (insert some witty colloquial phrase here)...

cumbagwannabe(aka chumblez) has more insight than Fleckelstein. (See Matrix article from 2013)

That would make Fleckelstein negative insightful. (Formula... cumbagwannabe insight=0... Fleckelstein insight=<0)

In reply to by Dolar in a vortex

tongue.stan Wed, 07/18/2018 - 23:02 Permalink

But, but, Dr Krugman PhD, Nobell Lowreate, likes cats and Arcade Fire!

He's so cool. How could anyone not like him?

This Fleck guy is just plain mean.

Let it Go Thu, 07/19/2018 - 07:21 Permalink

Paul Krugman is not a "world class idiot" in fact he is just the biggest idiot.

It is only because central banks and countries around the world have added more fuel to the fire postponing the day of reckoning that has made so many of us thinking the market was about to turn south look rather silly. The fact is the numbers do not work. This means reality will be visiting us soon. The reasoning is outlined below.

http://Economic Reality Will Soon Be Knocking On The Gate.html

class of 68 Thu, 07/19/2018 - 07:40 Permalink

Fleck managed a small account for me decades ago. I can't remember the year, early 90's perhaps.

Had 1 positive quarter. Down from then on. Lost over 20% For the less than year I was with him.  He followed  Fred hickey and appeared to put in place many of Fred's ideas. But fleck was unsophisticated and a very poor money manager.

 

It was a terrible experience. I remember his secretary saying...our fund is to hedge the clients long exposure in his other accounts. 

class of 68 same2u Thu, 07/19/2018 - 09:16 Permalink

Hi,  same2u, 

Hear you. Luckily I was with him only a small amount of time and small account .

His level of understanding was very lacking. He didn't grasp hedging properly and shorted "story" stocks with an occasional msft,  or intc long.

I don't know how he has remained managing any money. Paul Allen was his main guy years ago. Would be interesting to see his AUM,  and quarterly results. 

In reply to by same2u

Jack4952 Thu, 07/19/2018 - 07:53 Permalink

I listen to a GREAT MANY financial advisors (due to the Internet), but I rely on verifiable facts and my own common sense.  I don't believe in "experts", either in my profession (medicine) or anything else. To me an "expert" is someone who may know more than me about a particular subject, but his advice may be correct OR incorrect. We are all biased, based on our education, life experiences, habits, socialization (aka, propaganda, "herd mentality") and personal interests (including financial).

If you get "screwed" by the coming "financial reset", you have only YOURSELF to blame.

same2u Thu, 07/19/2018 - 08:49 Permalink

This guy is horrible. He has been saying that the world will end for years. Only thing that will crash is your bank account if you follow this idiot...

cpnscarlet Thu, 07/19/2018 - 08:59 Permalink

Fleck is good, but he asks a rhetorical question that has an answer - "Do you think these central bankers give a fuck about the price of gold?" Yes, Bill, they sure as hell do. Of course they know that $2K gold is a rejection of their policies and they will fight it tooth and nail. HOPEFULLY, her's right that some market will break in 6 months.

HamFistedIdiot cpnscarlet Thu, 07/19/2018 - 16:12 Permalink

Bill was sure certain about the idiocy (and innocence) of the cabal. This tsunami of cash/QE has made certain insiders fabulously wealthy. Is it an accident that the gap between the top .1% and bottom 80% has never been greater in history? (Unless you go back to the time of the Egyptian pharaohs.) The policy and its effect were no accident. 

I've been buying PMs since 2008. But since oil is a renewable energy source (made by the earth's mantle), and since there seems to be no end to the financial repression and fraud these psychopaths are capable of, I have NO IDEA when or if this speculative play of mine (on top of PMs being an insurance policy) will pay off. If PMs triple in nominal US dollar terms I could finally buy a home. But there is a chance that the suppression and fraud will continue another 10 years. While I don't want a Mad Max scenario anymore than the next guy, there seems to be no bottom to the depths the slacker US gimmedat will stoop to in terms of slithering around on their bellies happy with their Welfare checks and giving Google/Intelligence Community/GoldmanSachs whatever they ask for without question.

In reply to by cpnscarlet