The Reason Why The Stock Market Is Falling

I do not believe that the news announcement had anything to do with the market`s decline. The market would have declined anyway even if North Korea had not tested the bomb, they would have blamed it on something else.

But the real problem is the Federal Reserve taking away the monetary heroin from all the addicts on Wall Street and this is the withdrawal.

(Select Sector Financial Select Sector SPDR ETF (XLF), SPDR Barclays Capital High Yield Bnd ETF (JNK), SPDR S&P 500 Index ETF (SPY), 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.