David Stockman warning: Market rally is 'just day traders, chart monkeys, robo machines'

Not even a 20 percent rebound off the December low is changing David Stockman's bearish prognosis for the stock market.

"This is just day traders, chart monkeys, robo machines. This has nothing to do with rationality or investment analysis on any reasonable time basis," Stockman said Tuesday on CNBC's"Futures Now.""There's no Trump boom. We're near the end of this cycle. Recessions haven't been outlawed. It will happen in the next year or two.""We hit peak Trump and peak market at 2,940 on the S&P back in September.

What about the pension fund managers, mutual fund managers, et., etc., who can’t afford to miss the rally?

I guess he doesn’t get concept of Day Traders .. you trade for the day 1 buy 1 sell you don’t hold it for long periods to pump market up

Stop quoting this guy. He’s been calling the next recession since election night.

How long do we have to listen to him predicating a recession and a 40% drop. Eventually he will be right but he is such a broken record.

Troll.

Hasn’t this clown been saying the same thing for the past 10 years?

What goes up, ....

cnbc keeps recycling this story.

Who?

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