Market Watch
Shawn Langlois
Mar. 21, 2018
David Stockman, the so-called “Father of Reaganomics,†hasn’t been shy — or close to right — about his frantically bearish calls in recent years.
Just last summer, he warned of a “horrendous storm†that could take the S&P 500 index SPX, +0.36% all the way down to 1,600. From there, he took it up a notch in September, saying stocks are headed for a retreat of up to 70%.
Well, it’s still up at 2,700.
But the market’s volatile behavior of late has emboldened some bears to refresh and even ramp up their doomsday scenarios. Stockman is one of them.
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https://www.marketwatch.com/story/mother-of-all-yield-shocks-is-about-to-crush-stocks-warns-father-of-reaganomics-2018-03-21