Goldman Sachs (GS) In Bear Market Territory. Other Financials Will Follow

Look at the financials. Goldman Sachs (GS) is now down about 27 percent from its high so it is officially in a bear market.

(If Goldman) it's in a bear market what are the odds that the rest of the sector isn't gonna follow the lead of Goldman Sachs (GS)? I would say pretty slim. So, clearly the financials are gonna be in a bear market (and) they're gonna join other sectors that are already in a bear market like housing.

(audio excerpt from the Peter Schiff Podcast, Ep. 413: Investors Oblivious as Multiple Bubbles Pop) 

Apple (AAPL) Stock Is In Bear Market Territory

Look at some of the big stocks that are selling off. Apple (AAPL) down again today down 2.7 percent on the day but now Apple is finally in a bear market. It's now down better than 20 percent from the highs - so what's the odds that now that Apple is in a bear market that the rest of the market isn't going to follow?