Jun 4, 2014

Stock Market: Hidden Weakness

In fact the vast majority of stocks, I think are down on the year. If you look at the Dow, you are talking about 30 stocks, but if you look at the Russell 2000 Index, obviously you have 2000 stocks there and a lot of those stocks are down quite a bit this year, some of them are down more than 10 percent. 

So, just looking at the broad averages does not give you a real picture of what is going on in the stock market because I think most people I would guess, their portfolios are down on the year.

Related ETFs: SPDR S&P 500 Index ETF (SPY), SPDR Dow Jones Industrial Average ETF (DIA), iShares Russell 2000 Index ETF (IWM)

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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