Sunday, March 23, 2014

Not a Lot Of Upside In Stocks

I don`t think there`s a lot more upside in the stock market. I am not looking for a collapse but what I am looking for is a dollar collapse. Even if the market continues to move higher, it is nominal highs only, it is not real highs adjusted for the loss of purchasing power.

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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