Peter Schiff

You really ought to go hunt down his latest statements; honestly, they’ll be far more insightful than any random prediction from someone on this forum regarding what’s actually driving this crisis or where the market is headed next. From where I'm sitting, it looks like the Dow Jones is set to plummet much further—this whole mess is just getting started. If I were holding stocks right now, I’d be looking for the nearest exit!

For the full deep dive: http://www.youtube.com/watch?v=6G3Qefbt0n4

Plus, he keeps things entertaining with a bit of humor thrown in.

I wasn't quite sure which sub-forum this belonged in, so I figured I'd just start a fresh thread...

Lisa Peterson84 said:You really ought to go hunt down his latest statements; honestly, they’ll be far more insightful than any random prediction from someone on this forum regarding what’s actually driving this crisis or where the market is headed next. From where I'm sitting, it looks like the Dow Jones is set to plummet much further—this whole mess is just getting started. If I were holding stocks right now, I’d be looking for the nearest exit!

For the full deep dive: http://www.youtube.com/watch?v=6G3Qefbt0n4

Plus, he keeps things entertaining with a bit of humor thrown in.

I wasn't quite sure which sub-forum this belonged in, so I figured I'd just start a fresh thread...

The man certainly hit the nail on the head in some areas... though he did miss the mark on a few other estimates...

Is gold dropping from $1000 down to $750 now? Has the Dollar finally started its climb after that long slump? And why are international stocks sliding even when they’re paying out solid dividends? Honestly, I think he missed the mark there—I'm just not seeing any real shift in the underlying trend. As consumer spending in the United States continues to cool off, we’re going to see those profits from overseas companies take a hit too. It seems like people around here lack the insight or the guts to decouple themselves from this global downward slide, which means local stock prices are likely headed even lower... In this climate, it would be pretty reckless to hold onto non-dividend-paying stocks, and honestly, even the dividend payers are looking risky given where things are headed!

Don't give me that! I was under the impression the whole game was just about buying low and selling high. That it was all just a psychological shell game...😂

Great video!

Peter Schiff Analogies