2016 Will Be A Disaster
Eric King: “Bill, I’ve been wondering when the Fed is going to hit the wall. Obviously they had some tricks up their sleeves and they have done some things that nobody anticipated. Are they getting close to hitting the wall or can they keep stringing this along?”
Bill Fleckenstein: “Eric, we don’t know. And the reason we don’t know is because the amount of reckless monetization — we’ve never seen anything like this. So we have no (historical) data points. How long can it last? Well, it feels like we are so close. I continue to think that at any moment in time we could have a big wipeout in the market — a big dislocation…
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Bill Fleckenstein continues: “Look at the news on the Third Avenue junk bond that closed. We’ve had this potential train wreck and now it looks like it’s getting started. This Third Avenue fund gated investors and they are going to have trouble liquidating. That will put more pressure on other funds and that will start the stampede.”
Eric King: “With that as the backdrop, what do you expect to see in 2016?”
Bill Fleckenstein: “It’s going to be a train wreck. Starting some time soon, if not this year then the beginning of next year, the S&P is going to get slaughtered. Is that going to be down 10 percent in a day or 3 or 4 down days equaling 15 or 20 percent? It’s going to go down a bunch in a short space of time. And then the Fed is going to have to evaluate their position. Now, the real investment question is, when that happens…To continue listening to the powerful KWN audio interview with Bill Fleckenstein, where he discusses his predictions for 2016, why the gold and silver markets are poised for a significant rally, and why the global stock markets are set up to get crushed, CLICK HERE OR ON THE IMAGE BELOW.
***ALSO JUST RELEASED: A Twisted Fairytale With A Nightmare Ending In The West And A Shocking Event In China CLICK HERE.
***KWN has now released the extraordinary top 10 trends and predictions for 2016 from Gerald Celente and you can listen to the audio interview by CLICKING HERE.
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