from King World News
On a day when the U.S. dollar fell more than 1 percent and crude oil rallied 1.5 percent, we are now having to deal with events never seen before in history.
By Bill Fleckenstein President Of Fleckenstein Capital
August 16 (King World News) – Overnight stock and bond markets both lost a little ground, which is something we have not seen very often lately. I don’t think that means much yet, but it was nice to see that markets can actually go in both directions, even if just modestly. Apparently, that undertow put a little pressure on our stock market, as it was a bit weaker from the opening, and through midday the Nasdaq had lost about 0.5%, with the Dow and S&P doing a little better…