This is going to be a protracted bear market like the one we had from 1966 to 1982 with 16 years without a new stock market high.The cost of living back then went up dramatically, and it’s going to rise even more dramatically during this secular bear market.
Nov 7, 2018
Nov 2, 2018
A Bubble Economy, A Brutal Recession & Interest Rates
Peter Schiff was active this week commenting the recent action in the markets. Here's a snapshot of the most interesting articles:
Peter Schiff: The Truth Is We Don't Have A Booming Economy; We Have A Bubble
Peter Schiff: The Recession That's Coming Is Going To Be Brutal (Video)
Stock market will collapse with Fed raising interest rates: Peter Schiff (in Fox Business)
Peter Schiff: The Recession That's Coming Is Going To Be Brutal (Video)
Stock market will collapse with Fed raising interest rates: Peter Schiff (in Fox Business)
Nov 1, 2018
General Electric (GE) Is Less Valuable When It Can't Pay A Dividend
General Electric (GE) closed at $10.10
down 8 cents and it made a new
multi-year low.
It's the first time it's been below ten dollars in 8 or 9 years. The reason that GE got clobbered
by 9 percent yesterday was because they
had announced the evening before that
they were eliminating their dividend and
so obviously GE is a lot less valuable
when it can't pay a dividend.
This Rally Is A Correction In A Bear Market
The fact that
there is no fear to me shows that it's
more likely that this is not the end of
the correction but the beginning of the
bear market and that this rally is the
correction. In bull markets, the market going down is
a correction because the trend is still
positive, still up - well, in a bear market
it's the opposite the rallies are the
corrections.
The Biggest Decline In A Month For The Nasdaq Since 2008
The US stock markets closed higher today for the second consecutive day for the first time in the month of October and a lot of traders are probably happy that the month of October is over. Despite the back-to-back rally this is still the biggest decline in a month for the Nasdaq since 2008!
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