This Is A Stock Market Rally For The 1 Percent

Despite the fact that the Dow Jones Industrials closed at a record high, you have got 21 year lows in CNBC viewership. Why is that?

I have said this before, this is a stock market rally for the 1 percent!

The average american who was in the stock market during the 1990`s they are too broke to invest in the stock market now. You have some wealthy people that are involved but the vast majority of americans, they are spending their money in the supermarket, not in the stock market.

Related trading instruments: Facebook (FB), Twitter (TWTR), Netflix (NFLX), Tesla Motors (TSLA), Exxon Mobil (XOM), Bank of America (BAC), SPDR Dow Jones Industrial Average ETF (DIA)

Peter Schiff is an American businessman, investment broker and financial commentator. Schiff is the CEO and chief global strategist of Euro Pacific Capital Inc.

Stock Market Outlook

Related trading instruments: Facebook (FB), Twitter (TWTR), Tesla Motors (TSLA), Netflix (NFLX), SPDR S&P 500 Index ETF (SPY), Select Sector Financial Select Sector SPDR ETF (XLF)

Peter Schiff is an American businessman, investment broker and financial commentator. Schiff is the CEO and chief global strategist of Euro Pacific Capital Inc.

Stocks Are In A Bubble But Can Go Even Higher

I say that stocks are in a bubble, but the bubble is going to continue to inflate. We are not buying the stocks that comprise the bubble.

Most of the stocks that we invest in are abroad, they are mostly value stocks with very low P/E`s and high dividend yields and to the extent that we do invest in the United States, its in the value part of the spectrum.

We are not chasing the momentum. Even though, I acknowledge that these momentum stocks could keep going up. Since I don`t know how to time the market, I don`t know when the bubble is going to burst, I have been telling my clients to avoid these stocks even though I think they are going to go up, avoid them and invest more prudently.

Related stocks: Tesla Motors (TSLA), Facebook (FB), Twitter (TWTR), Netflix (NFLX), Energy Select Sector SPDR ETF (XLE), SPDR S&P 500 Index ETF (SPY), Market Vectors Gold Miners ETF (GDX)

Peter Schiff is an American businessman, investment broker and financial commentator. Schiff is the CEO and chief global strategist of Euro Pacific Capital Inc.

What To Do When U.S. Stocks Start Blowing Up

Related stocks and ETFs: Facebook (FB), Twitter (TWTR), Tesla Motors (TSLA), Select Sector Financial Select Sector SPDR ETF (XLF), SPDR S&P 500 Index ETF (SPY)

Peter Schiff is an American businessman, investment broker and financial commentator. Schiff is the CEO and chief global strategist of Euro Pacific Capital Inc.

Yellen: Blowing Air Into Bubbles

Related trading instruments: SPDR Dow Jones Industrial Average ETF (DIA), SPDR Gold Trust ETF (GLD), SPDR S&P 500 Index ETF (SPY), Netflix (NFLX), Facebook (FB), Twitter (TWTR)

Peter Schiff is an American businessman, investment broker and financial commentator. Schiff is the CEO and chief global strategist of Euro Pacific Capital Inc.

The Federal Reserve Can`t Acknowledge The Stock Market Bubble

The Federal Reserve is basing the recovery on the wealth effect. How can the Fed acknowledge a stock market bubble if the stock market going up is a key part of the recovery?

Related: Facebook (FB), Twitter (TWTR), Netflix (NFLX), Nasdaq 100 Index, SPDR S&P 500 Index ETF (SPY)

Peter Schiff is an American businessman, investment broker and financial commentator. Schiff is the CEO and chief global strategist of Euro Pacific Capital Inc.

Momentum Stocks Will Continue To Trend Lower

Related stocks and ETFs: Nasdaq 100 Index ETF (QQQ), SPDR S&P 500 Index ETF (SPY), Facebook (FB), Twitter (TWTR), Tesla Motors (TSLA), Netflix (NFLX)

Peter Schiff is an American businessman, investment broker and financial commentator. Schiff is the CEO and chief global strategist of Euro Pacific Capital Inc.

Facebook (FB): Zuckerberg`s Private Equity Fund

If you're investing in Facebook (NYSE:FB), you're basically investing in Mark Zuckerberg's private equity fund.

Peter Schiff is an American businessman, investment broker and financial commentator. Schiff is the CEO and chief global strategist of Euro Pacific Capital Inc.