Well, the dollar has lost a lot of it's value since you were a teen, so...

Buffet's buying hard assets like railroads. Looks like Buffet fooled you!

I know what you're saying but what could ever CAUSE them to UNWIND their balance sheet. I just can't think of anything that could possibly FORCE them to ...  (i.e. I can't see any constraints on the Fed)

Why are you guys voting on this?  It was a QUESTION

Fleck is absolutely brilliant but there's one thing I am questioning:  Why would the bond market get jitters? Won't the Fed just buy up any amount that is necessary to keep it from going down?

No, he said it is difficult to play either way. That's good solid advice to save your money and stay out of the market until better times.

What b_capp said is basically what Fleckenstein has been saying for years.

This is one of the weakest articles I have read from Fleckenstein.  The market is going way up, or else it's going way down, or else up then down, etc. etc. ???  I couldn't follow it.