Bubba Horwitz: A 'Nightmare Q4': Midterms Aside, Stage Set for a 50-70% Crash in Stocks

Stansberry Research, Released on 11/9/22

"Election night was a purple wave, and we are in a deep bear market," says market expert Todd "Bubba" Horwitz, founder of bubbatrading.com. "They are destroying competition, the way this administration is running the country," he tells Daniela Cambone. "It could be a brutal fourth quarter," with no clarity on policy, energy, or inflation, Horwitz continues. "The Fed is trying to raise rate into a recession," he says. He asks: "how can we expect a Santa Claus rally to show up if he's not literally bringing coal with him." "I'm hedged against the market, I'm buying more as we go down," Horwitz says. Trading position is short because we are going to see a massive sell-off as liquidity comes back to markets, he concludes.

00:00 Bubba's comments on midterm election results03:07 John Fetterman beat Dr. Oz in Pennsylvania3:40 Donald Trump's odds of running again4:32 Michelle Obama's presidential run5:05 How will the midterm election impact the market?6:21 Where is inflation headed?7:53 Sentiment about the equity market9:14 Meta's massive layoff and recession10:50 The fear of a diesel shortage12:27 FTX collapse and crypto15:00 Will gold go higher?16:06 Final thoughts on investing

Todd Horwitz - known as Bubba - is chief market strategist of BubbaTrading.com. He is a regular contributor on Fox, CNBC, BNN, Kitco, and Bloomberg. He also hosts his daily podcast 'The Bubba Show.' He is a 36-year member of the Chicago exchanges and was one of the original market makers in the SPX.

Bubba Horwitz: A 'Nightmare Q4': Midterms Aside, Stage Set for a 50-70% Crash in Stocks added by Herman James on 11/08/2022View all posts by Herman James ?+'