Here’s an entertaining clip of Bill Fleckenstein on CNBC in which Futures Now host Jackie DeAngelis begins by pointing out that the continuing market rise is evidence bearish investors simply don’t understand Federal Reserve policy.
Fleckenstein notes, “If you want to pursue idiots like the Fed doing crazy policies, and if you think you can get out in time, go for it. I don’t want to try to do that … When markets decline, how fast will it be taken away from you?” after which there is an awkward silence.
