Stockman's Corner

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Getting High At $1,000 Per Share

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The Momo Bunnies Are Nearing $1,000 Per Share----Look Out Below!

On May 11 we noted the market had been radically narrowing ever since the beginning of 2015 after QE3 purchases by the Fed officially ended. Since then, the road has narrowed down to a sliver----or perhaps a cliff edge would be a better term.

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Trump's "Balanced Budget": Harrah, But Cuts Too Little, Ring Fences Too Much

David appears on Fox Business to discuss Trump's budget...

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Trump's Budget----Why The Donald Is 6,000 Miles From Home Without It

Who said Donald Trump is a political amateur? Back in the day we were always consternated when the White House political staff wanted to put some "distance" between President Reagan and some of our more controversial budget cuts.

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The Donald's Risible Rendezvous in Riyadh

If the Donald had thrown a dart at the world map blindfolded, he could not have picked a worse stop than Riyadh for his maiden foreign journey. That's because there isn't one anywhere on the planet.

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The Unicorns And Rainbows Fantasy---Get Out Of The Casino Now

With the futures all green this morning, we were not surprised to hear another bubble vision strategist---this time from the ticking ETF time bomb otherwise known as Blackrock----urging viewers to buy the dips.

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The Wall Street Mule Gets Smacked By A Washington Two-By-Four, Part 2

The Wall Street mule got smacked with 350 Dow points of two-by-four yesterday, but you would never know it from the bubblevision commentariat. Turns out these sell-side strategists had been "expecting" a modest correction all along, and that yesterday's plunge was actually a blessing because it was setting up the next opportunity to "buys the dips".

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The Wall Street Mule Meets A Washington Two-By-Four, Part 1

We began yesterday's post with a warning about the ludicrous complacency rampant on Wall Street, and a surmise that its days were numbered. And that was before the New York Times' incendiary story about Comey's ass-covering notes on his alleged conversations with the Donald...

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Hurrah! The Donald Broke Some "Code Word" Glass

The Deep State has just dramatically escalated its war on President Trump but the Wall Street revilers apparently couldn't care less. Indeed, when the machines tagged 2402 on the S&P 500 yesterday, it was surely a historic case of "look ma, no hands!"

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Priming The Pump With John Maynard Trump, Part 2

Maybe the Donald is the greatest deadpan comedian to ever enter the Oval Office, and he was just pulling our leg. But we still can't get over his "pump priming" utterances during last week's Economist interview...

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David Stockman's Contra Corner is the only place where mainstream delusions and cant about the Warfare State, the Bailout State, Bubble Finance and Beltway Banditry are ripped, refuted and rebuked. Subscribe now to receive David Stockman’s latest posts by email each day as well as his model portfolio, Lee Adler’s Daily Data Dive and David’s personally curated insights and analysis from leading contrarian thinkers.

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