THE INVISIBLE COLLAPSE AND AN OMINOUS WARNING ABOUT WHAT IS COMING NEXT WEEK
King World News
With the U.S. dollar falling over 1.3 percent and the Nasdaq falling over 1.5 percent, today two of the greats in the business sent King World News powerful pieces about the invisible collapse and an ominous warning about what is coming next week
First, here is today’s note from Bill Fleckenstein – Overnight markets were a nonevent while our markets wasted no time making a stab to the upside this morning, though the indices were mixed through midday, with the Dow gaining 0.75%, the S&P 0.5%, and the Nasdaq slightly red. The reason for that odd performance was quite a large bounce in the energy and materials sector. In addition to all the puking and tax-loss selling for those types of names, I’m sure there has been a fair amount of short selling because that is a group that everyone loves to hate.
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