kingworldnews.com / January 31, 2017
On the heels of continued weakness in the stock market, legendary short seller Bill Fleckenstein just warned this mania spawned by central bankers may have just come to an end.
By Bill Fleckenstein President Of Fleckenstein Capital
January 31 (King World News) – I’m not going to bother to discuss overnight markets because they really don’t matter at the moment. What I’d like to turn my attention to right off the bat is the S&P 500 and the chart formation.
When I wrote yesterday’s headline about the decline being about Trump or exhaustion, I was referring to the potential for the island reversal formation that’s been left on the S&P 500 index as a sign of exhaustion. Longtime readers know that I don’t pay much attention to a lot of things in technical analysis, but I do pay attention to exhaustion patterns, as I’ve been involved in taking the other side of various manias spawned by the incompetent and irresponsible central bankers…
The post Bill Fleckenstein – This Mania Spawned By Central Bankers May Have Just Come To An End appeared first on Silver For The People.