Stock Market: We Are In A Earnings Recession

I think we are in a earnings recession in addition to the economic recession but imagine how much worse earnings would be if the Federal Reserve did not have interest rates close to zero. So all this is artificial. (SPDR S&P 500 Index ETF (SPY), iShares Russell 2000 Index ETF (IWM), Nasdaq 100 Index ETF (QQQ), Apple (AAPL), Macy's (M))

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

The Stock Market Is Going Down But It Has Not Rolled Over Yet

The bad are not sinking in. The stock market has been trending down, particularly the Nasdaq but it really has not rolled over. (SPDR S&P 500 Index ETF (SPY), Nasdaq 100 Futures, Nasdaq 100 Index ETF (QQQ), Apple (AAPL))

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

Markets: The Bad News Aren`t Really Sinking In, Yet

The markets continue really to ignore all of the overwhelming bad news. Bad news on the economy, bad news on the corporate earnings front, on retails ales, you name it. The news is bad. The markets seem to shrug it off, the equity markets, the bond markets, the forex market, the gold and silver market.

I mean, sure there is a knee jerk reaction, we get some bad news and gold spikes up, the dollar dumps but then it recovers what it lost and gold surrenders its gains. The bad news aren`t really sinking in.

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