As far as I can tell, the stock market does not even care what the data is. All news is good news. Good news is good news and bad news is good news. Good news is good news because it means the economy is recovering, which means corporate earnings will improve and that justifies a rising stock market. Of course if the news is bad that means that the Federal Reserve is going to taper the taper, we are going to get more QE, more cheap money and that is good for stocks. So, heads we win, tails, we win. It does not matter what the news is, everybody is embracing it as being good.
Peter Schiff is an American businessman, investment broker and financial commentator. Schiff is the CEO and chief global strategist of Euro Pacific Capital Inc.
Mar 3, 2014
Mar 2, 2014
Stock Market: All Is Good News
Peter Schiff is an American businessman, investment broker and financial commentator. Schiff is the CEO and chief global strategist of Euro Pacific Capital Inc.
Feb 27, 2014
Personal Finance: Keep Little Cash
If you are a 30 year old guy, I would not have any more than 6 months to a year`s worth of expenses in cash. I would make sure I had a little cash to cover my rent or my mortgage, if you have a mortgage but I would keep very little in the way of cash because it`s going to lose value.
Peter Schiff is an American businessman, investment broker and financial commentator. Schiff is the CEO and chief global strategist of Euro Pacific Capital Inc.
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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