The Reason Why The Stock Market Is Falling

I do not believe that the news announcement had anything to do with the market`s decline. The market would have declined anyway even if North Korea had not tested the bomb, they would have blamed it on something else.

But the real problem is the Federal Reserve taking away the monetary heroin from all the addicts on Wall Street and this is the withdrawal.

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

2008 Crisis: On The Verge Of Something Even Bigger

We are on the verge of something much more pronnounced than what happened in 2008. It is going to be a crisis that is going to be far more profoundly felt be everybody. It is going to make a much bigger difference.

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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: A Lot Of Technical Damage

Until the Federal Reserve changes this dynamic, I do not see what is going to prop up this market. If everybody believes that interest rate hikes are coming, if the economy is weakening, if corporate earnings are under pressure, and you are fighting the Fed there is not a lot to this market.

And if you look at the technicals of the market, you look at the trends that have been broken in the S&P 500 Index, in the Nasdaq, in the Dow Jones Industrials... I mean there is a lot of technical damage to this market and it takes some kind of a game changing event (to reverse it).

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