Exact diagonalization studies of the double exchange model indicate the exi
stence of continuum states in the single-spin-flip channel that overlap the
magnons at very low energies (approximate to 10(-2) eV) and extend to high
energies (approximate to eV). This picture differs dramatically from the p
revalent view, where there are the magnons, plus the Stoner continuum at th
e high-energy scale, with nothing in between. The relevance of these new co
ntinuum states to inelastic neutron scattering and optical properties is di
scussed.