Agoura Tease 3/15/2017Good morning Gummies, Just an fyi that Agoura’s David Stockman (yes that David Stockman whom was with the Regan adm) has a tease out this am that TODAY at 2:00 (3/15) that the market is going to crash with it’s 3rd interest rate hike. That event is to start in 30 min & of course Mr. Stockman has a $2K report to sell us which details which stocks to play in the near future :)) I did not buy but did want to alert you all to the prediction which we will be able to evaluate shortly. Good Luck & All the Best
Kingfish
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Stockman is in search of a market that meets his standards of rationality, and none of us are likely to find that these days. Maybe he’ll be right eventually, but the market does not crash because things move as expected — and everyone expects both the interest rate hike today and two or three more hikes over the next year.
Maybe that does cause a crash eventually, who knows… but be careful about bold prognostications, they are made by folks who know that boldness gets you more attention than accuracy. I think I’ve only written about Stockman’s pitches once in the year or two since he joined the ranks of the ink-stained wretches, and that was when he was urging potential subscriber so short Amazon, the next US stock to crash, back in January of 2016.