Posted on 11/06/2016 10:55:52 AM PST by traumer
David Stockman, the man widely credited as the "Father of Reaganomics", delivered an alarming message to investors.
Sell everything! "The markets are hideously inflated," warned Stockman on CNBC's "Fast Money" this week. The former Director of the Office of Management and Budget under President Ronald Reagan urged investors to dump stocks and bonds ahead of the dangers that both Donald Trump and Hillary Clinton pose to markets if either is elected as President.
"If you don't sell before the election, certainly do it afterwards. Government is going to be totally paralyzed regardless of who wins," he said. "There could be a 25 percent draw down on markets." Stockman posits that, under a Clinton administration, official...
(Excerpt) Read more at cnbc.com ...
buying opportunity
I will happily take a hit on my 401k to preserve this country for my children and grandchildren
If u believe a sell-off is coming, buy spxu - an inverse s&p fund.
He is correct. If Hillary gets in, we will have a government that is hobbled, and the nation will be in scandal mode. The Fed is out of solutions. The markets is way overvalued. The BLS numbers are a lie, and everyone knows it. IRS revenues are way down in the last two quarters, and we are headed into a deep recession. He thinks things would be bad under Trump as well. I think they will be better under Trump, but either way we are headed for rough waters.
Stockman says sell everything (but not gold).
The market is going to panic. The debt ceiling expires in March, and we are going to have crisis after crisis under our divided government.
We are in big, big trouble.
A buying opportunity for those in cash or who have cash.
I’m not buying it. I think investors will be pleased that the eight years of Barry’s marxist agenda is over and that the stock markets will have no where to go but up once Trump starts cutting regulations.
“Stockman says sell everything (but not gold).” Already did. Kept the precious metals.
“The market is going to panic. The debt ceiling expires in March, and we are going to have crisis after crisis under our divided government.” Yes, we are.
“We are in big, big trouble.” Yes, we are.
I am in cash and ready for a sale.
This is called totally hedging your bets.
Very good post
Dr. Chuck Missler at his strategic conference said darkness is approaching like never before
Dr. Chuck Missler at his strategic conference said darkness is approaching like never before
Please sell...so I can BUY...
The Federal Reserve has already stated that a rate hike is a possibility in December. That will have a negative impact on the markets, regardless who wins.
I love Dr. Missler. Can you give specifics of what he said?
I think Stockman is being optomistic. The stock market is at all time highs due to insane Fed Policy that is impossible to continue. The stock market propped up by the Fed is the only game in town to make any money. Goldman Sachs, Citi-Bank etc. know this.
I would think a 50% sell off would be more realistic if rational monetary policies were followed by the Fed.
Ron Paul for years has wanted an audit of the Fed and policy. Why has this never been done?
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