May 12, 2008

Bill Fleckenstein: Even the bears aren't very bearish

For what's often thought of as a bear's conference [Grant's semi-annual investment conference], I did not detect much bearishness. Perhaps it's right not to be bearish. But it does strike me that perhaps to be quite bearish about the economy and the stock market might be one of the most contrary thoughts of all.

~ Bill Fleckenstein, Contrarian Chronicles, MSN Money, "Recession isn't an 'if' but a 'when'," October 1, 2007

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