May 30, 2016

Stock Market: I Am Not Short

I am not short the market because I do believe that the Federal Reserve will put a floor beneath the market by printing money. But the ultimate collapse is in the U.S. Dollar. It has not happened yet but the Federal Reserve is going to sacrifice the U.S. Dollar. (SPDR S&P 500 Index ETF (SPY), SPDR Dow Jones Industrial Average ETF (DIA), Nasdaq 100 Index ETF (QQQ), 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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