As far as I can tell, the stock market does not even care what the data is. All news is good news. Good news is good news and bad news is good news. Good news is good news because it means the economy is recovering, which means corporate earnings will improve and that justifies a rising stock market. Of course if the news is bad that means that the Federal Reserve is going to taper the taper, we are going to get more QE, more cheap money and that is good for stocks. So, heads we win, tails, we win. It does not matter what the news is, everybody is embracing it as being good.
Peter Schiff is an American businessman, investment broker and financial commentator. Schiff is the CEO and chief global strategist of Euro Pacific Capital Inc.
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- Economic Weakness & The Weather Excuse
- Oil & Gas Portfolios
- U.S. Banks: Not Enough Stress in The Tests
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- Markets: I Think They Have Already Peaked
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- Major Bubbles In Stocks And In Real Estate
- Video: Paycheck Fairness?
- A Tapering Pause Will Rally Gold
- The Federal Reserve Is Basing Its Assumptions On A...
- Debating Gold & Inflation with Mark Dow
- Interest Rates Are Too Low
- Facebook (FB): Zuckerberg`s Private Equity Fund
- Obamacare: It`s A Lousy Deal
- Federal Reserve: They Are Not Going To Raise Rates...
- Video: The U.S. Economy Is All Screwed Up
- How The Federal Reserve Will Read Inflation
- Interest Rate Hikes: Moving The Goal Posts
- Not a Lot Of Upside In Stocks
- Gold: Sentiment Still Favors Higher Prices
- A Declining Living Standard In America
- Gold, Federal Reserve, Bubble Economy
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