I am data/fact dependent to form opinions. Till now, data seem to be pointing that folks like Bill Gross in bonds are right (till now). Sorry, but I just see Fleckenstein’s opinion/view in the original post without any facts/data to back him here.

Fleck doesn’t see this lasting more than few weeks but actually stocks had been preparing to rally and had been off their worst lows since mid/end june. If this rally continues for one more month then the charts for averages will not look like any bearish market but a correction. The next few months will clear things up as we actually see how bad will the economy will actually do and how it will affect inflation.