His timing may have been off thus far, but I think there is something to what he is saying: when the market does finally begin its descent, it's going to leave a mark.
Oh, and yes, good hair.
Oh, and yes, good hair.
Fleckenstein: 2007 = 1929
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"...History brings the future home.
Finally, although it's impossible to predict the timing, I am certain of one thing: When this unsustainable environment finally ends in tears, people will ask, "How could we have known?" -- when all that would have been required was a little understanding of financial history........."
http://articles.moneycentral.msn.com/Investing/ContrarianChronicles/IgnoringTheLessonsOf1929.aspx
Finally, although it's impossible to predict the timing, I am certain of one thing: When this unsustainable environment finally ends in tears, people will ask, "How could we have known?" -- when all that would have been required was a little understanding of financial history........."
http://articles.moneycentral.msn.com/Investing/ContrarianChronicles/IgnoringTheLessonsOf1929.aspx
the Fleckmeister is one smart son'of'a-gun. Although he talks a good bearish talk don't be fooled into thinking he's shorting. He's mentioned repeatedly that he shorts very sporadically and only when several things line up.
did you know he's on the board of a silver mining company?
oh and the hair, that is his ultimate secret
did you know he's on the board of a silver mining company?
oh and the hair, that is his ultimate secret
I remember when my hair was like that back in the 70's.
I also remember the tech bubble crash in 2000. That's when I started trading my own money so I could go to cash whenever I wanted without having some financial advisor telling me to "stay the course" or some-such BS. I swore to myself I'd never lose money like that again.
If he's supposedly a good manager why doesn't he write about what he's actually doing instead recycling the same old crap.
I suspect his returns suck but he's a good salesman to middle aged ladies that liked big hair bands back in the day. "Put your money with Fleckenstein, he's got hair like Bon Jovi" LOL
I suspect his returns suck but he's a good salesman to middle aged ladies that liked big hair bands back in the day. "Put your money with Fleckenstein, he's got hair like Bon Jovi" LOL
Quote from Babak:
the Fleckmeister is one smart son'of'a-gun. Although he talks a good bearish talk don't be fooled into thinking he's shorting. He's mentioned repeatedly that he shorts very sporadically and only when several things line up.
did you know he's on the board of a silver mining company?
oh and the hair, that is his ultimate secret
I always get him confused with the guitarist from Loverboy.
My money is on the broken clock.
What a clown. There is so little in common now with 1929, it's not even worth a detailed response on my part. This market is a bit overvalued, but not by the epic proportions needed for a total meltdown. And the economy the last few years was nothing like it was in the years leading up to 1929.
Every year, someone makes comparisons to 1929 in the hopes that they'll be seen as a genuis. It ususally backfires.
Every year, someone makes comparisons to 1929 in the hopes that they'll be seen as a genuis. It ususally backfires.