Saturday, January 16, 2021

Tag: David Stockman on the Destruction of the Financial Markets and What it Means for You

David Stockman on the Destruction of the Financial Markets and What it Means for You

by David Stockman, International Man:

International Man: Decades of money printing have created enormous distortions in the market. It seems that the coronavirus popped the Everything Bubble. Where do you see the stock market going?

David Stockman: I’d say it’s going in a new direction, and it’s not up year after year, month after month, day after day.

It’s not going to be a world where buying the dip is a no-brainer thing to do.

I think the stock market was insanely valued when the S&P 500 peaked at 3,380 on February 19th.