Wednesday , September 18 2019
Home / David Stockman's Contra Corner / How The Wall Street Knuckleheads Roll….Denial, Denial And More Denial

How The Wall Street Knuckleheads Roll….Denial, Denial And More Denial

Summary:
CNBC had an article out last night that cited nothing but bullish analysts. Heck I even see bears out there that are calling for new highs and a breakout. Why? Because stocks rally for 2 days and then camped for 3 days doing nothing? Please. The data denial is impressive, and as you know I got some of that in my CNBC interview yesterday. Here’s some data that shows below 2% GDP growth in Q3 and Q4 and then I’m told things are booming. Really? Please. https://northmantrader.com/2019/09/10/deception-4/

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CNBC had an article out last night that cited nothing but bullish analysts. Heck I even see bears out there that are calling for new highs and a breakout. Why? Because stocks rally for 2 days and then camped for 3 days doing nothing? Please. The data denial is impressive, and as you know I got some of that in my CNBC interview yesterday. Here’s some data that shows below 2% GDP growth in Q3 and Q4 and then I’m told things are booming. Really? Please.

https://northmantrader.com/2019/09/10/deception-4/

David Stockman
David Alan Stockman (born November 10, 1946) is a former businessman and U.S. politician who served as a Republican U.S. Representative from the state of Michigan (1977–1981) and as the Director of the Office of Management and Budget (1981–1985) under President Ronald Reagan.

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