In a recent tweet, Peter Schiff drew a parallel between the current market and the tech bear market that started in 2000:
"The Nasdaq had the biggest gain last month since the year 2000. But do you recall what happened in 2000? The Nasdaq – it declined approximately 80 percent from peak to trough."
When asked when the bear market would start, peter Schiff replied:
"It’s long overdue. It can start at any minute … But people are oblivious.”
Related trading instruments: Nasdaq 100 Futures, Nasdaq 100 Index ETF (QQQ)