Mar 12, 2015

The Stock Market Could Drop Precipitously From Here

The markets are going to continue under pressure, the stock market could drop precipitously from here if this idea of a rate hike is not taken off the table by the Federal Reserve. Remember, the last time we had a significant correction in the stock market, the only thing that stopped it from turning into a bear market was a statement from a Fed Governor that QE4 was being considered.

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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