Wednesday, February 5, 2014

The Markets starting to Discount the removal of the QE

That is why the markets are going down now, they are starting to discount the removal of the QE and I think the markets will be in a downtrend until the Federal Reserve gives in and gives the market another fix. That is what the market needs to sustain the excess valuations. That is what we need to maintain the illusion of a recovery and that is what the Federal Reserve is going to deliver.

Peter Schiff is a well-known commentator appearing regularly on CNBC, TechTicker and FoxNews. He is often referred to as "Doctor Doom" because of his bearish outlook on the economy and the U.S. Dollar in particular. Peter was one of the first from within the professional investment field to call the housing market a bubble. Peter has written a book called "Crash Proof" and a follow-on called "The Little Book of Bull Moves in Bear Markets". He is the President of EuroPacific Capital, which is a brokerage specializing in finding dividend-yielding, value-based foreign stocks.

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