The last time we had 2 months in a row where consumer spending went down, that was 6 years ago. 6 years ago! During the Great Recession, that is how long you have to go back, 6 years to find back-to-back monthly drops in consumer spending.
We keep getting economic data that we have not seen in this country since 2008/2009. That ought to clue you into something. That the economy is not about to take-off, its about to crash land!
Ticker symbols: SPDR Dow Jones Industrial Average ETF (DIA), SPDR S&P 500 Index ETF (SPY), 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.
Mar 5, 2015
Will The Stock Market Be Cut In Half Again?
Twice in the last 15 years the market has been cut in half. Not just the Nasdaq, but the S&P 500 Index and the Dow Jones Industrials. Twice in the last 15 years!
Who says it cannot happen a third time?
Related ETFs: SPDR S&P 500 Index ETF (SPY), Nasdaq 100 Index ETF (QQQ), 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.
Who says it cannot happen a third time?
Related ETFs: SPDR S&P 500 Index ETF (SPY), Nasdaq 100 Index ETF (QQQ), 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: In Bubbles You Have To Make An Important Decision
Bubbles force you to make an important decision. You either look like a fool before they pop or you look like a fool after they pop. That`s it. And why do I say you have to look like a fool before they pop? Because you are the guy saying it is a bubble, saying it is irrational and you are the one that is not buying the stocks and as the bubble gets bigger and bigger the people that spotted the bubble look like they are fools because they are out of the action, they are not making the money that everybody else is making.
Then of course, the bubble bursts and all the people that thought they were so smart, end up looking really foolish because they lost all their money.
Related stocks: Facebook (FB), Tesla Motors (TSLA), Netflix (NFLX), Twitter (TWTR), Amazon (AMZN), LinkedIn Corp (LNKD)
Peter Schiff is an American businessman, investment broker and financial commentator. Schiff is the CEO and chief global strategist of Euro Pacific Capital Inc.
Then of course, the bubble bursts and all the people that thought they were so smart, end up looking really foolish because they lost all their money.
Related stocks: Facebook (FB), Tesla Motors (TSLA), Netflix (NFLX), Twitter (TWTR), Amazon (AMZN), LinkedIn Corp (LNKD)
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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