from King World News
This piece is a must read for anyone who is worried about the endgame.
By Bill Fleckenstein President Of Fleckenstein Capital
May 11 (King World News) – Overnight markets were uneventful and through midday here the indices lost a little less than 0.5% after yesterday’s surprising ramp job to the upside. In the afternoon the market slipped more and closed on the lows, off by 1%-ish. Yesterday’s rally looks particularly odd and the market now feels exhausted to me. If so, shorts may start to work better, though I only added a little bit today…