Tuesday , October 15 2019
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Wall Street’s Playing With What’s Turned Out To Be (Literal) Fire

Summary:
From my perch bulls are playing with fire as stock market capitalization to GDP once again exceeded 144% by Friday’s close making markets accident prone to unexpected events. The unexpected weekend event of one of Saudi Arabia’s key oil production facilities getting hit by a drone attack shutting down a significant portion of its oil production being a possible example. https://northmantrader.com/2019/09/15/playing-with-fire-2/

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From my perch bulls are playing with fire as stock market capitalization to GDP once again exceeded 144% by Friday’s close making markets accident prone to unexpected events. The unexpected weekend event of one of Saudi Arabia’s key oil production facilities getting hit by a drone attack shutting down a significant portion of its oil production being a possible example.

https://northmantrader.com/2019/09/15/playing-with-fire-2/

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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