RUSH EXCERPT:
VARNEY: "Okay. Well, the numbers which we see and which everybody else in the world sees is gdp is growing at a 3% annual rate. We have a UBS analyst who is saying if we get these tax cuts, we will grow the stock market, the Russell 2000, by 8%. This morning the I Dow industrials, as of now, are up 180 points, 23,452. All of them are totally wrong, and David Stockman is right.
STOCKMAN: "Yes --"
VARNEY: "To push gold and sell stocks."
STOCKMAN: "Exactly."
VARNEY: "I don't get it, David, I really don't."
STOCKMAN: "Okay. In the last crash, UBS lost $60 billion. Their opinion is not worth the paper that it's printed on. This is just more sell-side stock peddling -- "
VARNEY: "Okay, when does the crash start?"
STOCKMAN: "You know --"
VARNEY: "Can you tell me?"
STOCKMAN: "I don't know --"
VARNEY: "What's the point of all of this?"
STOCKMAN: "You can't interrupt because I don't know when the NASDAQ crashed in April 2000, but it surely did. I don't know when the goldilocks economy that you were talking about in the fall of 2007 is going to crash, but there was a meltdown of historic proportions. So you either think this is an honest market, this is a stock market, this is capitalism, or you think it's a wild gambling casino that has been totally corrupted."