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 ...
So there’s a 100% chance that there’s a possibility of a 25% sell off.
Why aren’t I a Wall Street bigshot?
So...the Obozo economy has been rigged from the get go.
I guess I might as well jump off a cliff??? Oh no! I’m feeling the vapors.
Obama already told his stooges to stop pumping money into the market
We actually have some indicators that have traditionally led a rising stock market, after 8 years of basically no growth.
But, either Clinton or House/Senate control by Democrats could torpedo that.
Sort of like the end of the world scenario when Brexit was up for a vote. It passed, and, surprisingly, the sun still rose the next day.
Buying opportunity!
Sounds like a buying opportunity.
...then I’ll be buying...
Beat me by this || much.
BINGO!
I’m thinking of putting more money in my retirement account which always seems to do ok (but not Madoff ok).
“Obama already told his stooges to stop pumping money into the market”
In less than 2.5 months, those shots will be called by the new President’s “stooges,” and they will answer to the exact same economic forces.
Stability for the US (and therefore the rest of the world, too) will be the biggest single objective.
Look for mortgage (and other) interest rates to be a little higher one year from now.
I wouldn’t try to predict the stock market, except to say it is on a very long term upward trend.
You do realize that stock brokers make money when people trade. So it benefits them to put fear into people, get them to trade?
Sounds like there should be some good buys out their as we relieve the "Chicken Little/The Sky Is Falling!" lemmings of their self-devalued holdings. Morons!
No wonder Trump runs happy, grinning circles around these imbeciles.
So what he says is he thinks a 25% sell off is baked in the cake.
Buy low, sell high...
That sucking sound your hear is other people taking advantage of a sell off.
I wonder if all those eleventy billionaires that are in the tank for Clinton are gonna do stuff to intentionally tank the markets
Your mileage may vary not investment advice, but a lesson from History. Then again this guy talked me out of buying Chrysler @ 3-5/8 when Lee Iococca had the cohones to cut a roof off a K-Car and make a convertible variant. I knew he would succeed.
Gut feels count for a lot...
It had to happen sooner or later. Stock prices are grossly inflated and way overvalued driven by the fed printing presses. He’s just stating the inevitable.
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