Now he's saying a stock market collapse could materialize in only three days.
In an interview with King World News, Fleckenstein argues people are deluding themselves if they translate rising stock prices into a "glass half full" outlook.
At some point the
All of the sudden it becomes clear that money printing not only isn’t the solution, but it’s the problem. Well, with rates going from where they are to 3%+ on the 10-Year, one of these days the S&P futures are going to get destroyed. And if the computers ever get loose on the downside the market could break 25% in three days.
The contrarian money manager is nothing if not consistent. He has been a loud opponent of easy money and the Fed's false sense of infallibility since the 2000s.