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?

Malaysia Malaysia Latest News, Malaysia Malaysia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

David Einhorn Exits Billionaire Club After Horrible Investment RunDavid Einhorn, coming off a 34% drubbing at his hedge fund Greenlight Capital in 2018 as he battled losing shorts like Netflix and was buried by value traps, is off Forbes' billionaires list. Poor guy How will he ever survive times are tough....
Source: Forbes - 🏆 394. / 53 Read more »

David Einhorn Exits Billionaire Club After Horrible Investment RunDavid Einhorn, coming off a 34% drubbing at his hedge fund Greenlight Capital in 2018 as he battled losing shorts like Netflix and was buried by value traps, is off Forbes' billionaires list. My dream I never had seen a pregnant girl That is really worrying $700 millions! Could he borrow me, at least $ 70,000 out of those $700 millions? I think, I could do something. c’mon do it, do it!! We want u bck the B club, c'mon u could still bounce bck nd this time ur net worth would be $B
Source: Forbes - 🏆 394. / 53 Read more »