Posted on 11/06/2016 6:44:16 PM PST by blam
Tyler Durden
November 6, 2016
"Under a Trump victory, all bets are off," warns former Director of the Office of Management and Budget under President Ronald Reagan, David Stockman. "I like [Trump] because he's against the establishment, but he has no economic program. Yes, he's a disruptor, but has nothing to disrupt with," Stockman told CNBC, "if elected, it will be partisan warfare and a total disaster."
Stockman's message is clear, as CNBC notes, sell everything...
"The markets are hideously inflated... If you don't sell before the election, certainly do it afterwards. Government is going to be totally paralyzed regardless of who wins... There could be a 25 percent draw down on markets."
As CNBC details, Stockman posits that, under a Clinton administration, official investigations and new hacked email disclosures from Wikileaks will be non-stop. Furthermore, he reasoned that the "house will become a killing field" for anything Clinton is trying to do. Ultimately, Stockman said the Democrat would enter the Oval Office bruised, bloody and all but lacking in legitimacy.
(snip)
If there is partisan warfare the left will start it and the right will end it.
"Ceterum censeo Hillary esse delendam."
Garde la Foi, mes amis! Nous nous sommes les sauveurs de la République! Maintenant et Toujours!
(Keep the Faith, my friends! We are the saviors of the Republic! Now and Forever!)
LonePalm, le Républicain du verre cassé (The Broken Glass Republican)
It will be like Brexit, massive loss for a few days and then the matket will kick in! (if Trump wins that is)
OK. Show us your portfolio and what you are doing, David.
Stockman signed on with Reagan and then worked to undermine his economic policies, while they were in the process of working.
The p/e ratio isn’t insanely high like it was in 2008.
At least I’m pretty sure.
Some financial FReeper can correct or corroborate.
With so much welfare money going out, people were still able to buy gadgets like cell phones etc. plus overseas sales.
Stock market is not much of an indicator of the financial state of a country.
Again I could be wrong altogether :)
Don’t blame Trump for the stock bubble that is overdue a serious correction. Blame Bernanke and Yellen for chasing everyone into the stock to gain income because their zero nterest rates pay savers nothing.
Lol the markets have been inflated the last 8 years by the fake money going in to prop it up.
Sounds like he’s trying instigate chaos in the market.
What does he expect folks to do, sell their homes, cars, stocks, children...?
If the end is here, what good would it do to sell these things?
You sell them and the money is worth zero! Then you have nothing and a truckload of worthless paper. What a donkey’s posterior.
These naysayers are $0.02 cents a dozen. It’s one of the few things that don’t go up with inflation, because there’s more of them every single minute of the day.
KMA Stockman!
So is he saying Obama went into office with an economic plan?
What nonsense. Your portfolio should be based on your retirement horizon (if it’s a long way away, stay invested), if not, be more cautious, but blanket statements like this are headline-grabbing gibberish.
Anyway it’s going to 4 years of crap. 4 years of nonstop protests and nothing getting passed.
He may be right, but all I can think is: How did we get to the point where what happens in the federal government matters so much?
The answer to BIg Government is not better management.
When the Govt says Sell, you should Buy.
Reagan got rid of this clown for a reason
Pull your money from banks quickly!! Get back up fuel and bags of rice, You will need propane for fuel. Fill your bath tubs with water.You better have ammo. get batteries. Good luck. Take care NOW!!
He’s looking for a sale on sells.
If the Cackling Witch somehow manages to steal the election, it will be necessary to "go Galt" and boycott the MSM and their sponsors. They must pay for their crimes.
It might be tough to give up watching the NFL and other sports on the alphabet networks, but if that's what it takes to begin draining the swamp, so be it.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.