Famed Short Seller Warns Countries May No Longer Be Able to Bail Out Their Banks

from King World News

With many people wondering what’s next for the markets, today a famed short seller warned that countries may no longer be able to bail out their banks.

By Bill Fleckenstein President Of Fleckenstein Capital

March 24 (King World News) –Overnight markets were all 1% to 1.5% lower, and the SPOOs declined in sympathy, although once trading began in New York they rallied off those lows such that by midday the market was just modestly weaker, led by the S&P, which lost about 0.4% as it was led lower by the financials, which were once again quite weak, especially European banks.

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