Okay but my calls on DJX (dow jones index) are up about 45% since I bought then on Feb 8th.
So what? Unless you sell and take profits, those calls will expire worthless. Your bravado hinges on wishful timing of which you have no control of. Stockman is trying to give people information before they get drowned or taken.
What Stockman is saying is that there will be a rush for the exits come April 15 and that he thinks those who have participated in creating the bubble will start a mad rush for the exits on about March 15.
Why?
Because President Trump is going to nail the slimy scum that has been earning over $200 MILLION per year and paying ZERO TAXES. Just about everyone else will get a needed tax break but there is no way to give a tax break to those who pay zero taxes.
Wall St. Carry Traders and Hedge Funds tied into the big investment bank networks are going to DIE.
And with their last gasping breaths they are going to take the markets down that they have inflated.
The market trajectory since the election has ridden a wave of euphoria linked to a new pro-business tax-cutting President so that the scum can take in the last round of suckers.
Those that are holding large pre-2017 positions are looking for those last suckers to take over the ride before their zero tax nirvana disappears.
Because when the new tax reform appears, it will start from the day it passes and may in certain situations be retroactive.
The balloon is going to deflate. How fast it will deflate is the relevant question.