Oct 2, 2014

Stock Market: Signs Of A Top?

If this recent volatility in the market is the sign of a top and certainly the broader averages are already breaking down and topping out and you have key sectors like the homebuilders and you have certain stocks that are related to the consumer... We had bad numbers at CarMax (KMX), they sell a lot of used cars and when their numbers came out and disappointed we had a big drop in shares of CarMax (KMX), and you start to get companies like this dropping on bad results.

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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