Bill Fleckenstein says he expects techs to get caught up in general bear market moves And, he expects the leveraged-buyout market to finish drying up, if not hitting its own bubble, soon as well.
I’m right with him on the LBO situation, including the possibility some banks will get severely “stuck” before this is all over. Expect several bank stocks to slip in the next 12-18 months, with the peak in subprime fallout combining with larger lending concerns.
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