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.

U.S. Economy: The Jobs Situation Is Going To Get Lot Worse

The jobs situation is much, much worse than the numbers suggest and I think its going to get a lot worse!

Related trading instruments: SPDR S&P 500 Index ETF (SPY), Select Sector Financial Select Sector SPDR ETF (XLF), SPDR Dow Jones Industrial Average ETF (DIA), 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.