Bill Fleckenstein on the markets: "The craziest day ever?"

Well, it's not too often that I'm speechless looking at a market when thinking about what to say about a certain response to the news. However, watching the SPOOs gain 0.75% last night and the Nasdaq 100 tack on 1% while stocks in Shanghai were being bombed, despite the promise of a liquidity injection by the PBOC and the banning of short selling, was about as bizarre a financial scene as I've seen in my investment career, with the possible exception of some nutty stuff that happened in Tokyo in late 1989, although quite frankly that was so long ago, I don't remember all the small details.

~ Bill Fleckenstein, Fleck Notes, February 3, 2020