Tuesday, August 18, 2009

Peter Schiff The economy is in worse shape than 6 months ago 17 Aug 2009

Peter Schiff on Market correction at CNBC 's Fast Money Aug. 17 2009

“we’ve been in a bear market since 2000. It’s the rallies that are the correction. The primary direction is lower.” says Pete Schiff
all the debt the US has issued to save the banking system has put the market in a worse position that it was 6 months ago. “The market is over extended and there’s no reason for stocks to be rising,” Peter Schiff added

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