The rationale that people have used for being bullish is extremely predictable, ... They can't say stocks are cheap. They can't say business is great. So they have to go on about stuff like relative strength and stocks making an upside-down.
"William P. Fleckenstein" was a professional American football player who played offensive lineman for seven seasons for the Chicago Bears, the Portsmouth Spartans, the Brooklyn Dodgers (NFL)/Brooklyn Dodgers, and the Frankford Yellow Jackets.
In March 1934, he married the actress Mildred Harris, previously married to Charlie Chaplin, with whom he lived until her death in 1944.
More Bill Fleckenstein on Wikipedia.But we must understand what actually took place and not let this arrogant buffoon get away with his attempt to rewrite history.
Shorting, ... is a very easy way to have your lungs ripped out in a very short space of time.
What's the point of shorting it, just because it's expensive?
It's just one more wave of wild speculation that's going to end the same way the others have. To try to conclude that the bear market is over is the height of lunacy.
When they started out I said, 'No way can a coffee shop owner keep its margins up there.' But it's not true. The management team's done a fantastic job of running that company.
The reality is that the end markets are not good; it looks like Intel is starting to accept reality, ... And I would expect more bad news to follow.
Shorting is very time intensive and it's very hard to do at home, ... That's not because you have to be smart, but because you have to have a lot of time devoted to it.
How much people are willing to suspend disbelief is what's eye-opening here, ... It's a window on the big picture: This idea of speculating one's way to prosperity is still with us. People come right back, like a moth to a flame.
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