My third favorite economist,

Gary Shilling: For every buyer there is a seller and for every seller there is a buyer.

"I think you got to be very cautious right now on stocks. Tech stocks have had a big run. You take out a few of the high fliers out of the NASDAQ and you don't have the performance. 

I have been a fan on long term treasury bonds since 1981 when the yield was 15.2 percent. Now its down to 3 percent, I think it could go to 2 percent on the 30 year bond and 1 percent on the 10 year treasury note. I think that's a good area. 

Commodities are probably going to continue to be weak, particularly oil.

Dollar has gotten beat up since the initial Trump rally. Long term I think the Dollar will probably be strong as a safe haven."

Gary Shilling Blog