Maybe it is time to get out? https://www.cnbc.com/2018/11/03/dav...ent-market-plunge.html?recirc=taboolainternal
He's a fucking clown. We should start a Go Fund Me to buy him a big red nose and a pair of those funny clown shoes. In 2016 he said AMZN will drop 70% In 2012 he said "you'd a fool to hold anything but cash" May 2015: On CNBC's " Futures Now " Thursday, the former OMB Director said that excessive monetary policy has forced central banks all over the world into a corner, and as a result, "the markets are going to be in for a huge, nasty morning after as people begin to look at where we really are." August 2015: "I think it's pretty obvious the top is in." So said David Stockman yesterday in an appearance on CNBC.
As Arnie points out, Stockman has been calling the top for years. I liked his book and he seems like a smart guy, but he's definitely not a trader and everything he writes/says these days is just a vanity project to keep himself entertained in retirement. One day though the market will go down and enter a bear market, even if only for a little while, then all these permabears will say they "called" it...
Stockman knows absolutely nothing about Economics or Markets. He was 100% wrong when he was Reagan's Budget Manager, and he's stayed 100% wrong ever since. At least he's consistent. He's a Preacher and a politician. And probably a damn good preacher (Harvard Divinity), but anytime he opens his mouth re economics, markets or finance, run for your life.