With bullish sentiment on stocks reaching levels not seen since 1987, today Bill Fleckenstein warned King World News there is a strong possibility bullish investors will experience a historic stock market crash and dislocation. He also warned that this would mean a “wipeout” for investors who are positioned aggressively in stocks. Below is what Bill Fleckenstein, who is President of Fleckenstein Capital, had to say in this powerful interview.
Eric King: “When it (the stock market) turns, rather than have a typical 12%, 15%, or maybe 20% correction, could it be much, much deeper than that?”
Fleckenstein: “Of course. We could have a crash. No problem. Absolutely no problem. Are you kidding me, with the computers doing what they do, we could easily have a crash….
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