Infamous short-seller Bill Fleckenstein left a CNBC anchor questioning her faith in the status quo in this brief interview.
As she pestered him with questions about ‘missing out on the rally’, Fleckenstein snapped back “so what? I don’t care, it doesn’t matter” asking rhetorically “when the market declines, how fast will it all be taken away from you?” Fleckenstein warned “I don’t think we will get through October without some accident,” adding that “the stock market is more crash-prone than ever.” When pressed again about sitting on the sidelines, Fleckenstein rebukes, “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.”
As CNBC notes, some traders might regret missing out on what may go down in history books as the bull market of a lifetime, but “I’m not kicking myself,” he said. “I don’t care, it doesn’t matter.”
“I don’t have to play every day,” he added.