A ‘Nightmare Q4’: Midterms Aside, Stage Set for a 50-70% Crash in Stocks

"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.

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