Apple (AAPL) Now in a Bear Market

"But there was some other particularly bad news that came in before the opening bell, and that one was from Apple (AAPL). They said they will be cutting production because of lower sales. That decision trickles down, effecting a lot of companies who count on those orders from Apple (AAPL). The price of Apple (AAPL) is down by 4% on the day. But if you now look at the total drop - just over 20% - and that means the way Wall Street scores it, Apple is now in a bear market." 

- excerpt from the Peter Schiff Show, Episode 415, The Confidence Bubble Has Popped

In The Short Run Gold & Silver Are Going Way Up

I don't think that (price manipulation) is the primary reason that the price of gold and silver have been going down. I don't think it's just manipulation. I think people just are completely clueless with respect to what's actually going on in the world. They don't understand the US economy, they do not  understand the Federal Reserve but they're about to get a rude awakening and the smart money is buying gold whether it's being manipulated or not in the short run both and silver are both going way up in the long run and the long run may be here much sooner than people think.

Smart Money Is Buying Precious Metals

Bitcoin: Capitulation Is A Long Way Off

If you think Bitcoin falling to $5,200 constitutes capitulation, think again. Very few, if any HODLers have actually thrown in the towel.

Capitulation is a long way off and will come at much lower prices and with far less fanfare, as CNBC will have long since abandon coverage!

Stock Market: Many Sectors Already In Bear Market Territory

The retailers are all gonna be in a bear market relatively soon, some of them of course already are. They're just blown up left and right but if these key sectors are going into bear markets like the financials then what is the odds that the entire market doesn't go into a bear market? 

This is a case of absolute and complete denial.

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

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)