Mar 3, 2015

Nasdaq 5,000.

This time around its not really a tech bubble, its just the entire U.S. Economy is one gigantic bubble and that is what makes it so much more frightening for the economy and for investors. Remember, within a year of the Nasdaq first getting above 5,000 points, it dropped 4,000 points. We had a eighty percent decline. And so, people need to be cognizance of the risks when you get into the market at these levels.

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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