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Thursday, September 28, 2006

 

Pessimistic stock guru goes with the short answer

‘Fred Hickey is used to going against the crowd.

Everyone scoffed in 1999 when the veteran Nashua, N.H., stock market guru, who publishes the influential High-Tech Strategist investment newsletter, warned that the tech bubble was going to pop.

And they dismissed him as a wild alarmist early last year when he said house prices were going to slump.

What’s his view now?

“I think we’re going to have a crash, across the stock market,” he told me Friday. [..]

Think: 1929, 1987 and 1999.’




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