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David Stockman warns both Trump and Clinton could lead to 25% sell-off
Brian Price | @PriceCNBC
19 Hours Ago
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Stockman: Sell everything Stockman: Sell everything
Thursday, 3 Nov 2016 | 5:07 PM ET | 05:23
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05:23Stockman: Sell everything
Stockman: Sell everything
11/03/16 5:07 PM ET
03:04Stockman talks election and markets
Stockman talks election and markets
10/11/16 4:23 PM ET
05:07Trump: So bad he's good?
Trump: So bad he's good?
09/14/16 5:41 PM ET
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David Stockman, the man widely credited as the "Father of Reaganomics", delivered an alarming message to investors.
Sell everything!
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"The markets are hideously inflated," warned Stockman on CNBC's "Fast Money" this week. The former Director of the Office of Management and Budget under President Ronald Reagan urged investors to dump stocks and bonds ahead of the dangers that both Donald Trump and Hillary Clinton pose to markets if either is elected as President.
"If you don't sell before the election, certainly do it afterwards. Government is going to be totally paralyzed regardless of who wins," he said. "There could be a 25 percent draw down on markets."
Stockman posits that, under a Clinton administration, official investigations and new hacked email disclosures from Wikileaks will be non-stop. Furthermore, he reasoned that the "house will become a killing field" for anything Clinton is trying to do. Ultimately, Stockman said the Democrat would enter the Oval Office bruised, bloody and all but lacking in legitimacy.
"For six months, or even longer, there will acrimony, there will be brinkmanship, there will be paralysis. There will be a swarm of house committees doing investigations from all of these wiki leaks!" Stockman said of Clinton's hypothetical early days in the White House.