Stocks: The Market Is On Its Own Now

Topics: 

- QE is dead;
- no concerns about market volatility by the Federal Reserve;
- are they convinced that QE really worked?
- market`s reaction to the Fed statement;

Related trading instruments: SPDR S&P 500 Index ETF (SPY), SPDR Dow Jones Industrial Average ETF (DIA), Nasdaq 100 Index ETF (QQQ);

Peter Schiff is an American businessman, investment broker and financial commentator. Schiff is the CEO and chief global strategist of Euro Pacific Capital Inc.

Greenspan: The Fed Cannot Exit Without Creating Turmoil

Related trading instruments: Select Sector Financial Select Sector SPDR ETF (XLF), SPDR S&P 500 Index ETF (SPY)

Peter Schiff is an American businessman, investment broker and financial commentator. Schiff is the CEO and chief global strategist of Euro Pacific Capital Inc.

Federal Reserve: Now Comes The Tough Task

Related Exchange Traded Funds: Energy Select Sector SPDR ETF (XLE), SPDR Gold Trust ETF (GLD), SPDR S&P 500 Index ETF (SPY), Select Sector Financial Select Sector SPDR ETF (XLF), Market Vectors Gold Miners ETF (GDX)

Peter Schiff is an American businessman, investment broker and financial commentator. Schiff is the CEO and chief global strategist of Euro Pacific Capital Inc.

Corporate Earnings: What Are They Telling Us (MCD, AMZN, KO)

If you look at a lot of the evidence coming out of corporate america in the past week, you can see that the consumer is in fact struggling. Look at some of the big companies that reported earnings in the past week. Those that deal with average americans are showing a big drop in their earnings. Look at what happened with McDonalds (MCD).

Related stocks: Amazon (AMZN), The Coca-Cola Co. (KO), McDonalds (MCD)

Peter Schiff is an American businessman, investment broker and financial commentator. Schiff is the CEO and chief global strategist of Euro Pacific Capital Inc.

CNBC Video: "I Am Wrong Less Often Than Every Other Guest That Comes On This Program"

Related stocks and Exchange traded funds: SPDR Gold Trust ETF (GLD), Market Vectors Gold Miners ETF (GDX), Newmont Mining (NEM), Barrick Gold (ABX), NovaGold (NG), SPDR S&P 500 Index ETF (SPY), iShares MSCI Emerging Markets Index ETF (EEM)

Peter Schiff is an American businessman, investment broker and financial commentator. Schiff is the CEO and chief global strategist of Euro Pacific Capital Inc.

The Economy Is Much Weaker Than People Think

Related trading stocks and Exchange Traded Funds: McDonalds (MCD), Select Sector Financial Select Sector SPDR ETF (XLF), SPDR S&P 500 Index ETF (SPY), The Coca-Cola Co. (KO), Amazon (AMZN)

Peter Schiff is an American businessman, investment broker and financial commentator. Schiff is the CEO and chief global strategist of Euro Pacific Capital Inc.

The Economy Cannot Survive Without QE

Related trading instruments: Select Sector Financial Select Sector SPDR ETF (XLF), SPDR S&P 500 Index ETF (SPY), SPDR Dow Jones Industrial Average ETF (DIA), Nasdaq 100 Index ETF (QQQ)

Peter Schiff is an American businessman, investment broker and financial commentator. Schiff is the CEO and chief global strategist of Euro Pacific Capital Inc.

The U.S. Economy Is A Disaster

I think the economy is a disaster. And that is why I do not think the Federal Reserve is going to exit. Unfortunately they got QE$ queued up and ready to launch.

They are going to do more quantitative easing, not because it has worked but because it has been an abysmal failure. But they can`t admit it has been a failure, they are going to do it all over again.

Related trading instruments: SPDR Gold Trust ETF (GLD), Market Vectors Gold Miners ETF (GDX), SPDR S&P 500 Index ETF (SPY), Nasdaq 100 Index ETF (QQQ), SPDR Dow Jones Industrial Average ETF (DIA)

Peter Schiff is an American businessman, investment broker and financial commentator. Schiff is the CEO and chief global strategist of Euro Pacific Capital Inc.

The Only Way The Fed Will End QE

They have to keep pretending they can end it at a later date, because they can never end it on any date. They cannot end it without creating a recession, they cannot end it without producing another financial crisis, which means they are not going to end it.

I mean, not on their own terms. That does not mean it is never going to end. It will end, when a currency crisis and a sovereign debt crisis forces it to end. But before that happens, the Federal Reserve is going to come up with one excuse after another which is what I said since they launched QE1!

Related trading instruments:  Energy Select Sector SPDR ETF (XLE), Select Sector Financial Select Sector SPDR ETF (XLF), SPDR Gold Trust ETF (GLD), SPDR S&P 500 Index ETF (SPY)

Peter Schiff is an American businessman, investment broker and financial commentator. Schiff is the CEO and chief global strategist of Euro Pacific Capital Inc.

What is The Fed Going To Do If Stocks Go Down?

Recently they have been sucking the air out of the bubbles. And now they are surprised that the bubbles are deflating?

What they are going to do is they are going to try to blow the air back into the bubble. They need the stock market going up, so if the stock market goes down, what are they going to do? And again, it is not just stocks, it is real estate. That is going down too.

Related Exchange Traded Funds: SPDR Gold Trust ETF (GLD), SPDR S&P 500 Index ETF (SPY), SPDR Dow Jones Industrial Average ETF (DIA), Nasdaq 100 Index ETF (QQQ)

Peter Schiff is an American businessman, investment broker and financial commentator. Schiff is the CEO and chief global strategist of Euro Pacific Capital Inc.

Markets Are Slowly Coming To Grips With The Reality

I think the markets are slowly coming to grips with the reality that the exit from QE is not going to be as easy as everybody thought. You know, I heard Dallas Fed Chairman, Richard Fischer on CNBC earlier, calling for QE to end on schedule. But what Fischer does not understand is that you cannot end QE without plunging the U.S. Economy into a severe recession.

It is because of the monetary policy of the Federal Reserve that the U.S. economy is more screwed up now than it has ever been in its history.

Related trading instruments: Select Sector Financial Select Sector SPDR ETF (XLF), Energy Select Sector SPDR ETF (XLE), SPDR S&P 500 Index ETF (SPY), SPDR Gold Trust ETF (GLD)

Peter Schiff is an American businessman, investment broker and financial commentator. Schiff is the CEO and chief global strategist of Euro Pacific Capital Inc.

Ending Quantitative Easing Will Plunge The U.S. Economy Into Recession

Related Exchange Traded Funds: Energy Select Sector SPDR ETF (XLE), Select Sector Financial Select Sector SPDR ETF (XLF), SPDR S&P 500 Index ETF (SPY), SPDR S&P Homebuilders (ETF) (XHB)

Peter Schiff is an American businessman, investment broker and financial commentator. Schiff is the CEO and chief global strategist of Euro Pacific Capital Inc.

QE: When The Effects Wear Off...

Related Exchange Traded Funds: Select Sector Financial Select Sector SPDR ETF (XLF), SPDR S&P 500 Index ETF (SPY), SPDR Gold Trust ETF (GLD)

Peter Schiff is an American businessman, investment broker and financial commentator. Schiff is the CEO and chief global strategist of Euro Pacific Capital Inc.

More QE To Get The Stock Market Up Again

In fact, just as I said, a lot of the enthusiasm or the talk about the Federal Reserve maybe not ending QE or not raising rates, a lot of it has to do with the weakness in the market.

People are saying, well, won`t this weakness in the stock market put the Federal Reserve on hold? That is exactly what I was saying before the market weakened. I said initially, if the Federal Reserve tapers the stimulus, the markets will go down. And the markets going down will mean that the Federal Reserve has to come back and stimulate to get the market back up. Because the goal of QE was to inflate the stock market and the real estate market.

Related Exchange Traded Funds: SPDR S&P 500 Index ETF (SPY), SPDR Dow Jones Industrial Average ETF (DIA), Nasdaq 100 Index ETF (QQQ), iShares MSCI Emerging Markets Index ETF (EEM)

Peter Schiff is an American businessman, investment broker and financial commentator. Schiff is the CEO and chief global strategist of Euro Pacific Capital Inc.

Market Update: Deflation, Inflation & QE4

Related trading instruments: SPDR S&P 500 Index ETF (SPY), SPDR Gold Trust ETF (GLD), iShares Silver ETF (SLV)

Peter Schiff is an American businessman, investment broker and financial commentator. Schiff is the CEO and chief global strategist of Euro Pacific Capital Inc.

Endless QE: The End Result Will Be...

Related trading instruments: SPDR Gold Trust ETF (GLD), SPDR S&P 500 Index ETF (SPY), Nymex Crude Oil, United States Oil Fund LP ETF (USO), iShares Silver ETF (SLV)

Peter Schiff is an American businessman, investment broker and financial commentator. Schiff is the CEO and chief global strategist of Euro Pacific Capital Inc.

Gold: China Is Quietly Buying

Related Stocks and Exchange Traded Funds: Newmont Mining (NEM), Barrick Gold (ABX), Goldcorp (GG), NovaGold (NG), Market Vectors Gold Miners ETF (GDX), SPDR Gold Trust ETF (GLD)

Peter Schiff is an American businessman, investment broker and financial commentator. Schiff is the CEO and chief global strategist of Euro Pacific Capital Inc.

Gold: $1200 Will Seem Cheap

Related trading vehicles: Newmont Mining (NEM), Barrick Gold (ABX), Goldcorp (GG), Market Vectors Gold Miners ETF (GDX), SPDR Gold Trust ETF (GLD)

Peter Schiff is an American businessman, investment broker and financial commentator. Schiff is the CEO and chief global strategist of Euro Pacific Capital Inc.

U.S. Economy: We Will Be In Recession By Early 2015

The U.S. is n to going to be ending QE (quantitative easing) or raising rates. In fact, I think we are going to be doing more QE than Europe and Japan.

The best growth for the U.S. Economy happened in the second quarter, it is downhill from there. All the data and all the common sense points to the fact that we are headed back to recession. We should be in recession be early 2015.

Related trading instruments: Select Sector Financial Select Sector SPDR ETF (XLF), SPDR Dow Jones Industrial Average ETF (DIA), SPDR S&P 500 Index ETF (SPY), SPDR Gold Trust ETF (GLD)

Peter Schiff is an American businessman, investment broker and financial commentator. Schiff is the CEO and chief global strategist of Euro Pacific Capital Inc.

Investors Will Return To Gold

Related stocks and Exchange Traded Funds: SPDR Gold Trust ETF (GLD), Market Vectors Gold Miners ETF (GDX), Newmont Mining (NEM), Barrick Gold (ABX), Goldcorp (GG)

Peter Schiff is an American businessman, investment broker and financial commentator. Schiff is the CEO and chief global strategist of Euro Pacific Capital Inc.

U.S. Dollar: Why The Rally?

Related trading instruments: EURUSD forex cross, USDJPY forex cross; SPDR Gold Trust ETF (GLD), iShares Silver ETF (SLV), Market Vectors Gold Miners ETF (GDX)

Peter Schiff is an American businessman, investment broker and financial commentator. Schiff is the CEO and chief global strategist of Euro Pacific Capital Inc.

The False Premise Of The U.S. Dollar Rally

Related stocks and Exchange Traded Funds: Newmont Mining (NEM), Goldcorp (GG), Barrick Gold (ABX), Market Vectors Gold Miners ETF (GDX), SPDR Gold Trust ETF (GLD), EURUSD forex cross

Peter Schiff is an American businessman, investment broker and financial commentator. Schiff is the CEO and chief global strategist of Euro Pacific Capital Inc.

Volatility Is Indicative Of A Topping Stock Market

All this volatility is likely indicative of a top in the market and a turning point. And this has been ongoing for months. The stock market has never really been able to make significant progress this year, I have been talking about that all year. Even though the major averages have recorded gains up until now, beneath the surface, the average stock was declining. In fact, there are many stocks that are already in bear markets and you can`t really see it if you are just looking at the headlines.

Related trading stocks and indexes: iShares Russell 2000 Index ETF (IWM), Nasdaq 100 Index ETF (QQQ), SPDR S&P 500 Index ETF (SPY), SPDR S&P Homebuilders (ETF) (XHB), Facebook (FB), Twitter (TWTR), Tesla Motors (TSLA)

Peter Schiff is an American businessman, investment broker and financial commentator. Schiff is the CEO and chief global strategist of Euro Pacific Capital Inc.

Stocks: A Top And A Turning Point

Look at the housing stocks. Thats about the worst looking sector out there, although this (last) week the technology sector got clobbered. So, to me you are seeing a turning point in the market. All this volatility is likely indicative of a top in the market and a turning point.

Related trading instruments: SPDR S&P Homebuilders (ETF) (XHB), Lennar Corporation (LEN), KB Home (NYSE:KBH), Facebook (FB), Twitter (TWTR), Netflix (NFLX), Tesla Motors (TSLA), SPDR S&P 500 Index ETF (SPY)

Peter Schiff is an American businessman, investment broker and financial commentator. Schiff is the CEO and chief global strategist of Euro Pacific Capital Inc.

Stock Market: Economically Sensitive Indexes Are The Weakest

Everybody is talking about the U.S. recovery, yet the economically sensitive indexes are the weakest. And of course, these deal directly with the domestic economy. You don`t have the multinationals in the Russell 2000, that you have in the Dow Jones.

And if all this story about how there is weakness overseas, but America is an island of strength in a sea of recession, if that really were true why are the indexes that are most tied to the U.S. Economy the weakest?

Related trading instruments: SPDR S&P 500 Index ETF (SPY), iShares Russell 2000 Index ETF (IWM), FedEx Corporation (FDX), Delta Air Lines (DAL), Union Pacific Corporation (UNP)

Peter Schiff is an American businessman, investment broker and financial commentator. Schiff is the CEO and chief global strategist of Euro Pacific Capital Inc.

Stock Market: The Worst Week In Years

It was the worst week in the stock market in years. The Dow Transportation Index, it had the biggest decline in over 3 years, down 6.9 percent. And that`s despite Crude Oil down 4.6%. That`s the worst week in about p months and over the last 2 weeks crude oil is down 8.5 percent.

The nasdaq was down 4.4% on the week. The worst week in 30 months. And the Russell 2000 which is an even broader measure, which has been weaker, was down 4.6% on the week.

The Dow Jones is now flat on the year, maybe slightly negative, but the Nasdaq is down, the Russell 2000 is down. In fact the Russell 200o index has the worst chart of them all.

It`s interesting that the most economically sensitive measures, which are the transports and the Russell are the weakest.

Related stocks and ETFs:  SPDR Dow Jones Industrial Average ETF (DIA), SPDR S&P 500 Index ETF (SPY), iShares Russell 2000 Index ETF (IWM),  Delta Air Lines, Inc. (DAL), FedEx Corporation (FDX), Union Pacific Corporation (UNP)

Peter Schiff is an American businessman, investment broker and financial commentator. Schiff is the CEO and chief global strategist of Euro Pacific Capital Inc.

Federal Reserve: QE Has Not Worked!

Related trading instruments: SPDR S&P 500 Index ETF (SPY), Select Sector Financial Select Sector SPDR ETF (XLF), SPDR Gold Trust ETF (GLD), Bank of America (BAC), J.P. Morgan (JPM), Facebook (FB), Netflix (NFLX), Twitter (TWTR), Tesla Motors (TSLA)




















Peter Schiff is an American businessman, investment broker and financial commentator. Schiff is the CEO and chief global strategist of Euro Pacific Capital Inc.

Federal Reserve: Their Plan Is To Launch QE4

Related trading instruments: Select Sector Financial Select Sector SPDR ETF (XLF), SPDR Gold Trust ETF (GLD), SPDR S&P 500 Index ETF (SPY)

Peter Schiff is an American businessman, investment broker and financial commentator. Schiff is the CEO and chief global strategist of Euro Pacific Capital Inc.

Bitcoin: Don`t Buy The Dips

The downturn has resumed with a vengeance. (...) I don`t see any significant support in this market and I still think we are headed quite a bit lower between now and the end of the year. There may be some bounces but these are simply opportunities in my opinion to sell. I don`t think the name of the game is to try to buy dips in Bitcoin.

Peter Schiff is an American businessman, investment broker and financial commentator. Schiff is the CEO and chief global strategist of Euro Pacific Capital Inc.

Gold & Silver: Opportunity To Buy

These are opportunities. And again, I don`t know when the irrationality is going to stop. I just know that the markets aren`t rational right now and it can stay that way for a while longer. But as long as we are not using leverage, as long as we are buying things we can afford and not overextending ourselves, it does not matter if the market goes against if in the long run we get the direction right.

And eventually, the short term losses, if the markets move against us, end up being long term gains, which I rather have. I rather have a short term loss and a long term gain than a short term gain but a long term loss.

Related stocks and ETFs: Newmont Mining (NEM), Barrick Gold (ABX), NovaGold (NG), Hecla Mining (NL), Goldcorp (GG), iShares Silver ETF (SLV), Market Vectors Gold Miners ETF (GDX), SPDR Gold Trust ETF (GLD)

Peter Schiff is an American businessman, investment broker and financial commentator. Schiff is the CEO and chief global strategist of Euro Pacific Capital Inc.

Markets Are Forming A Top

I still believe that the stock market is in the process of making a top and will in fact roll over if the Federal Reserve does not come out and take the interest rate hikes off the table and unveils a new round of QE, or reverse the taper. If Yellen does that before the market breaks down than she will avert the bear market. But if she waits until after it breaks down, obviously she will be reacting to it.

But either way, the markets are in the process of forming a top, at least a short term top until the federal Reserve gives in and gives the addicts what they need, wether they need it or not.

Related trading instruments: Select Sector Financial Select Sector SPDR ETF (XLF), SPDR S&P 500 Index ETF (SPY), Energy Select Sector SPDR ETF (XLE), Nasdaq 100 Index ETF (QQQ), Bank of America (BAC), J.P. Morgan (JPM), Citigroup (C), Facebook (FB), Netflix (NFLX), Tesla Motors (TSLA), Twitter (TWTR)

Peter Schiff is an American businessman, investment broker and financial commentator. Schiff is the CEO and chief global strategist of Euro Pacific Capital Inc.

Video: Employment Report Analysis

Related ETFs: SPDR Dow Jones Industrial Average ETF (DIA), Select Sector Financial Select Sector SPDR ETF (XLF), SPDR Gold Trust ETF (GLD)

Peter Schiff is an American businessman, investment broker and financial commentator. Schiff is the CEO and chief global strategist of Euro Pacific Capital Inc.

The Fed Will Lose Control

The real crisis is when people realize that the Fed has lost control, that inflation id going to run out of control and that QE will never end, because it cannot end. Because we have so much debt, that it can`t end. We can`t allow interest rates to go back into normal because at this point its impossible, because there`s too much debt.

And all the economy is one big bubble, one big illusion and all the Fed has to do is to keep the illusion alive for as long as possible but once the bondholders, the dollar buyers wake up and realize its an illusion the dream will turn into a nightmare.

Related trading instruments: Select Sector Financial Select Sector SPDR ETF (XLF), iShares Barclays 20+ Year Treasury Bond ETF (TLT), SPDR Gold Trust ETF (GLD)

Peter Schiff is an American businessman, investment broker and financial commentator. Schiff is the CEO and chief global strategist of Euro Pacific Capital Inc.

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.

Quantitative Easing (QE) Has Not Worked

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

Peter Schiff is an American businessman, investment broker and financial commentator. Schiff is the CEO and chief global strategist of Euro Pacific Capital Inc.

Ending QE: Reverting The Process

Related stocks and ETFs: Facebook (FB), Netflix (NFLX), Tesla Motors (TSLA), Twitter (TWTR), SPDR S&P 500 Index ETF (SPY)

Peter Schiff is an American businessman, investment broker and financial commentator. Schiff is the CEO and chief global strategist of Euro Pacific Capital Inc.

Federal Reserve: Selling 700 Billion USD Of Debt in 5 Years?

Related trading vehicles: SPDR S&P 500 Index ETF (SPY), SPDR Dow Jones Industrial Average ETF (DIA), iShares Barclays 20+ Year Treasury Bond ETF (TLT), SPDR Gold Trust ETF (GLD)

Peter Schiff is an American businessman, investment broker and financial commentator. Schiff is the CEO and chief global strategist of Euro Pacific Capital Inc.

A Surging U.S. Economy?

Related trading instruments: Financial Select Sector SPDR (XLF), SPDR SP 500 Index ETF (SPY), Nasdaq 100 Futures, S&P 500 Futures

Peter Schiff is an American businessman, investment broker and financial commentator. Schiff is the CEO and chief global strategist of Euro Pacific Capital Inc.