David Stockman's Call------The Gong Show Starts Wednesday

From MarketWatch

The call

David Stockman, a former budget director for the Reagan administration, is at it again. He has been a steady bear in the face of this resilient market, and now he’s got a specific date for what he sees as the beginning of the end for this bubble: December 16, when the Fed chair takes the mic. “Yellen and her posse better pray for a monetary Tonto because they are riding headlong into an ambush in the canyons of Wall Street,” Stockman wrote. “To wit, they cannot possibly raise money market interest rates — even by 75 bps — without massively draining liquidity from the casino.” Read more on why he says the “Gong Show” begins Wednesday and will have dire ramifications for stocks.

http://www.marketwatch.com/story/market-bear-december-16-will-be-the-day-the-bubble-finally-bursts-2015-12-14

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.

Get Access