there on the fringe. david stockman is a respectable and admired guy. he was ronald reagan s budget director. brian: who walked away from reagan because he did not believe in reagan s economic plan. precisely and he was a successful investment banker. now he comes out with a critique of america s financial history which he says is leading us toward the mother of all crashes. here s his story. he says you have this vast extension of government and the federal reserve has been piling on by printing on. collectively you re talking trillions of dollars. none of this is supported by a strong fundamental economy. so you ve got a series of bubbles. dot-com bubbles, housing bubbles and now stock man says the stock market is a gigantic bubble and it is going to collapse. that is his word. collapse. steve: take a look at the dow. it closed yesterday another record, 14652. stuart, convention wisdom is if it s at the highest