Well, that was quick. The Nasdaq 5,000 party ended pretty much the day it began. The Nasdaq today was down better than 80 points, we are now at 4867 and we are leaving 5,000 rapidly in the rearview mirror. The Dow Jones was down 332 points. Remember on last week`s podcast, I mentioned that the Dow Jones Industrials Index and the S&P 500 Index were still up on the year but ever so slightly and I thought it would surrender their gains this week. Well, it happened on Monday. Both the S&P, which was down better than 35 points and the Dow which closed at the low of the day, down 332 points, have wiped out all their gains and are now negative on the year.
Peter Schiff is an American businessman, investment broker and financial commentator. Schiff is the CEO and chief global strategist of Euro Pacific Capital Inc.
- ► 2018 (91)
- ► 2017 (188)
- ► 2016 (252)
- Monetary Policy: It Will Backfire
- U.S. Economy: A Gigantic Bubble
- The Federal Reserve Is Bluffing
- U.S. Economy: The Weakest Its Been Since The 2008 ...
- The Fed Is Not Going To Let The Stock Market Go Do...
- Forex: The U.S. Dollar Has Been Drifting Lower
- A Bullish Case For Gold
- Fed`s Rate Hike Fantasies
- Federal Reserve: Walking On A Fine Line
- The Fed Will Only Raise Rates When They Are Forced...
- Commodities: When Will They Start Surging Again
- The Federal Reserve Is Even More Dovish Now
- The U.S. Economy Is Rapidly Decelerating
- U.S. Debt: Why The Federal Reserve Needs To Keep R...
- The Forex Markets Are Ignoring The Darkening Econo...
- Dollar Bulls Are Wrong
- The Stock Market Could Drop Precipitously From Her...
- Yellen Is Going To Have To Come Out
- U.S. Stocks Are Now Down YTD
- Stock Market: Now Good News Is Not Good News
- Nasdaq: A Key Reversal
- Early Signs Of A U.S. Recession?
- The U.S. Economy Has Never Been In Worse Shape
- The U.S. Economy Is Not Taking Off, It`s About To ...
- Will The Stock Market Be Cut In Half Again?
- Stock Market: In Bubbles You Have To Make An Impor...
- Stock Market: The Whole Market Is A Gigantic Bubbl...
- Nasdaq: We Have All These Artificial Props
- Nasdaq 5,000.
- U.S. Economy: Construction Spending Plunges
- Stock Market: Investor Delusion
- Investing: Nothing Looks Attractive In The U.S.
- Very Dangerous To Be Buying U.S. Stocks
- ▼ March (33)
- ► 2014 (429)