Professional bear pornographer, David Stockman, was gleeful with joy at the specter of a whole slew of bears getting ensnared in the bear net, almost like he knew something the rest of us didn’t. He is predicting dark days, global recession and pain, as well as agony. Your portfolios will be cast aside for vultures to devour, leaving you naked by the roadside, a poor forked radish.
According to David Stockman, it’s all a scam. The Fed are ‘blind arsonists’ without dry powder, running backwards, naked, in an ornery cornfield.
His target for the S&P for 2016 is 1,300.
BEHOLD.
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I’ve read/followed Stockman for quite a while. Broken clocks are more accurate than Stockman. At least they’re right twice a day.
Well the Fed is that, but the question is when does it all fall apart.