Bill Fleckenstein Warns This Is A Bear Market And The Buy The Dip Crowd Is Headed For Disaster

"After last week’s ongoing and ridiculous soap opera with the Fed, one of the greats in the business sent King World News a fantastic piece warning that this is a bear market and the “buy the dip” crowd is headed for disaster, plus a bonus Q&A that includes questions on Ray Dalio and the end of the long-term debt cycle.

By Bill Fleckenstein President Of Fleckenstein Capital

September 22 (King World News) – With the exception of China, overnight markets were quite a bit weaker, with Europe losing 3%. That pressured the SPOOs about 1% lower, which is where our market opened. It then attempted to bounce, but that didn’t get very far, such that by midday the indices were around 2% lower, with virtually everything red…"

at http://kingworldnews.com/bill-fleckenstein-warns-this-is-a-bear-market-and-the-buy-the-dip-crowd-is-headed-for-disaster/