Benzinga.com
0
All posts from Benzinga.com
Benzinga.com in Benzinga.com,

Fleckenstein, The Man Who Predicted The Market Selloff: Stocks Could Get 'Nasty'

Intel Corporation NASDAQ:INTC, Apple Inc. NASDAQ:AAPL - Fleckenstein, The Man Who Predicted The Market Selloff: Stocks Could Get 'Nasty'
  • Bill Fleckenstein of Fleckenstein Capital is a short-seller who anticipated the August 24 market selloff three weeks before it happened.
  • On Friday, the investor appeared on CNBC and assured markets are “uniquely vulnerable” right now.
  • “The market is trapped because the Fed is trapped," Fleckenstein said.
  • After the Federal Reserve decided to maintain interest rates unchanged, Fleckenstein, the man who predicted the August plunge, appeared on CNBC’s Fast Money, and warned viewers that markets could be setting up for a "pretty nasty decline."

    “The market is trapped because the Fed is trapped," he claimed. “The Fed's policies drove the...


    More