By Bill Fleckenstein President Of Fleckenstein Capital
October 3 – The stock market was slightly higher early on, with the Dow the best index today. Yet for all the euphoria and fanfare about new highs it is interesting to note that FAANG have lost their mojo ever since the big reversal last June. Not that that matters much. Even a horribly disappointing quarter by Tesla wasn’t good enough to see the stock decline to any meaningful degree before it gained ground on the day. Thus, the odds continue to favor more of the same through the end of the year.
….also from KingWorld:
John Embry – We Are Heading Into A Wild Decade Similar To The 1970s
