Market volatility is again the big story. Yesterday the markets were hammered again. Remember that we opened higher, sold off and closed near the lows. Dow went down around 160, Nasdaq down 50. So, another drubbing for the high P/E stocks.
The market did open higher again this morning which I think its a negative sign. I think we will sell off again.
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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