In fact, just as I said, a lot of the enthusiasm or the talk about the Federal Reserve maybe not ending QE or not raising rates, a lot of it has to do with the weakness in the market.
People are saying, well, won`t this weakness in the stock market put the Federal Reserve on hold? That is exactly what I was saying before the market weakened. I said initially, if the Federal Reserve tapers the stimulus, the markets will go down. And the markets going down will mean that the Federal Reserve has to come back and stimulate to get the market back up. Because the goal of QE was to inflate the stock market and the real estate market.
Related Exchange Traded Funds: SPDR S&P 500 Index ETF (SPY), SPDR Dow Jones Industrial Average ETF (DIA), Nasdaq 100 Index ETF (QQQ), iShares MSCI Emerging Markets Index ETF (EEM)
Peter Schiff is an American businessman, investment broker and financial commentator. Schiff is the CEO and chief global strategist of Euro Pacific Capital Inc.
