Foreign Stocks doing quite a bit better than U.S. Stocks

Foreign stocks are doing quite a bit better than U.S. stocks. If you just own foreign stocks, you are probably doing OK. But if you have a typical U.S. stocks portfolio that it is not just the Dow Jones, chances are your stock portfolio is worth less today than it was at the beginning of the year which means that the wealth effect that Janet Yellen was counting on to power the U.S. economy its not there when it comes to stocks. And I don`t think its there when it comes to real estate either, because I think real estate prices are off this year.

Related: iShares MSCI Emerging Markets Index ETF (EEM), SPDR Dow Jones Industrial Average ETF (DIA), SPDR S&P Homebuilders ETF (XHB)




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.