The Bear Market Has Begun, Recession to Follow – Ep. 398
The Peter Schiff Show Podcast11 Okt 2018

The Bear Market Has Begun, Recession to Follow – Ep. 398

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831 Point Rout in the Dow Jones Industrial Average
If you listened to Friday's podcast, I mentioned that I thought I would probably be doing a lot of podcasts this week. I did one yesterday, and I am doing another one today because my feeling about the stock market was confirmed today with an 831 point rout in the Dow Jones Industrial Average, down 3.15%. This is the biggest decline that the Dow has had since that 1000+ point drop that we had in February. I think it is maybe the third biggest down day ever, point-wise. Percentage-wise it's not even close.
NASDAQ Down Over 4%
The DJIA actually did a lot better than a lot of the other averages. The Dow Jones transports were down just over 4%; 445 points. the NASDAQ was down over 4% as well - 315 points. Weakness across the board in the stock market today. And it's not just the homebuilders and the autos. I've been talking about those sectors as leading indicators and, yes, many of those stocks made new 52-week lows today as well. But they were not the worst performers on the day.
Financials Helped Lead the Declines
The financials were helping to lead the decline. Again we have Morgan Stanley at a new 52-week low, down 3.3%. Goldman Sachs down 3.6%, a new 52-week low. But really, the biggest losers on the day were the tech stocks. These have been the stand-outs. This is what has been holding up the market - the FAANG stocks, all of these technology infotech stocks - and a lot of people were actually describing them irrationally as a "safe havens". I couldn't believe it when people were saying that tech stocks were the new "safe havens". When you hear stuff like that, you know you're close to the end.
FAANG Stocks Selling in After-Hours Trading
If you look at what some of these darlings did today, and I'm looking at the after-hours prices, too, because they're selling. More selling is going on now, after the bell. But look at NVIDIA, down over 9%, Amazon down 7.3%, Netflix down 10% on the day. AMD down 11% - Twitter down almost 9%, Apple down 5.5%, Intel 4.5%, Cisco, 4.7%, Facebook down almost 5%. this is basically one day plus an hour of aftermarket trading.

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Risk-On, Economic Understanding Off - Ep 870

Risk-On, Economic Understanding Off - Ep 870

· Short covering fuels tech rally.· Good news on the economy is bad news for the market.· Fewer people have full-time jobs today than 10 months ago.· The media is racist.Sign up for a $1/month trial period at https://shopify.com/goldVisit https://indeed.com/peter to start hiring now.Join my Locals community to get The Peter Schiff Show ad-free and a day early! Plus get access to special live reports and Q&As. Visit https://schiffradio.com/premium to become a member.Invest like me: https://schiffradio.com/investRATE AND REVIEW on Facebook: https://www.facebook.com/PeterSchiff/reviews/SIGN UP FOR MY FREE NEWSLETTER: https://www.europac.com/Schiff Gold News: http://www.SchiffGold.com/newsBuy my newest book at http://www.tinyurl.com/RealCrashFollow me on Facebook: http://www.Facebook.com/PeterSchiffFollow me on Twitter: http://www.Twitter.com/PeterSchiffFollow me on Instagram: https://Instagram.com/PeterSchiffOur Sponsors:* Check out FRE and use my code LISTEN20 for a great deal: https://frepouch.com* Check out Infinite Epigenetics: https://infiniteepigenetics.com/GOLD* Check out Justin Wine and use my code SCHIFF20 for a great deal: https://www.justinwine.comPrivacy & Opt-Out: https://redcircle.com/privacy

6 Feb 202348min

The Fed Can’t Fight What It Doesn’t Understand - Ep 869

The Fed Can’t Fight What It Doesn’t Understand - Ep 869

· As expected, the Fed did exactly what was expected.· Gold trades highest it’s been in almost a year.· Government causes inflation, not consumers.· Investors are seeing through the outliers when it comes to stronger economic data.· Congress acts shocked to discover fraud with PPP loans.Thanks Winmond. Visit https://winmond.com to inquire about purchase or a joint venture.Join my Locals community to get The Peter Schiff Show ad-free and a day early! Plus get access to special live reports and Q&As. Visit https://schiffradio.com/premium to become a member.Invest like me: https://schiffradio.com/investRATE AND REVIEW on Facebook: https://www.facebook.com/PeterSchiff/reviews/SIGN UP FOR MY FREE NEWSLETTER: https://www.europac.com/Schiff Gold News: http://www.SchiffGold.com/newsBuy my newest book at http://www.tinyurl.com/RealCrashFollow me on Facebook: http://www.Facebook.com/PeterSchiffFollow me on Twitter: http://www.Twitter.com/PeterSchiffFollow me on Instagram: https://Instagram.com/PeterSchiffOur Sponsors:* Check out FRE and use my code LISTEN20 for a great deal: https://frepouch.com* Check out Infinite Epigenetics: https://infiniteepigenetics.com/GOLD* Check out Justin Wine and use my code SCHIFF20 for a great deal: https://www.justinwine.comPrivacy & Opt-Out: https://redcircle.com/privacy

2 Feb 202340min

Government Worsens Every Problem It Tries to Solve - Ep 868

Government Worsens Every Problem It Tries to Solve - Ep 868

· Weakening dollar will worsen trade deficit.· Fed is nowhere near victory in inflation fight.· Google does not have a monopoly on advertising.· San Francisco wants to incentivize African Americans to commit drug crimes.Get $15 off at Nutrafol.com when you got to https://nutrafol.com/men and use promo code goldJoin my Locals community to get The Peter Schiff Show ad-free and a day early! Plus get access to special live reports and Q&As. Visit https://schiffradio.com/premium to become a member.Invest like me: https://schiffradio.com/investRATE AND REVIEW on Facebook: https://www.facebook.com/PeterSchiff/reviews/SIGN UP FOR MY FREE NEWSLETTER: https://www.europac.com/Schiff Gold News: http://www.SchiffGold.com/newsBuy my newest book at http://www.tinyurl.com/RealCrashFollow me on Facebook: http://www.Facebook.com/PeterSchiffFollow me on Twitter: http://www.Twitter.com/PeterSchiffFollow me on Instagram: https://Instagram.com/PeterSchiffOur Sponsors:* Check out FRE and use my code LISTEN20 for a great deal: https://frepouch.com* Check out Infinite Epigenetics: https://infiniteepigenetics.com/GOLD* Check out Justin Wine and use my code SCHIFF20 for a great deal: https://www.justinwine.comPrivacy & Opt-Out: https://redcircle.com/privacy

29 Jan 202354min

Davos Investors Are Skiing Towards a Debt Cliff - Ep 867

Davos Investors Are Skiing Towards a Debt Cliff - Ep 867

· Growth stock will rollover and make new lows in 2023.· Gold hit new 9 month high on the week.· While tech stocks are rising, their headcounts are falling.· New economic data blows away low-end expectations.· 2023 could be one of the worst years ever for the dollar.· Politicians and central bankers waste public money being hypocrites at Davos.· Netflix documentary on Bernie Madoff proves more regulation won’t help us.Cut your wireless bill to $15 a month at https://mintmobile.com/goldJoin my Locals community to get The Peter Schiff Show ad-free and a day early! Plus get access to special live reports and Q&As. Visit https://schiffradio.com/premium to become a member.Invest like me: https://schiffradio.com/investRATE AND REVIEW on Facebook: https://www.facebook.com/PeterSchiff/reviews/SIGN UP FOR MY FREE NEWSLETTER: https://www.europac.com/Schiff Gold News: http://www.SchiffGold.com/newsBuy my newest book at http://www.tinyurl.com/RealCrashFollow me on Facebook: http://www.Facebook.com/PeterSchiffFollow me on Twitter: http://www.Twitter.com/PeterSchiffFollow me on Instagram: https://Instagram.com/PeterSchiffOur Sponsors:* Check out FRE and use my code LISTEN20 for a great deal: https://frepouch.com* Check out Infinite Epigenetics: https://infiniteepigenetics.com/GOLD* Check out Justin Wine and use my code SCHIFF20 for a great deal: https://www.justinwine.comPrivacy & Opt-Out: https://redcircle.com/privacy

21 Jan 202344min

Soaring Consumer Credit Means Higher Consumer Prices - Ep 866

Soaring Consumer Credit Means Higher Consumer Prices - Ep 866

· The Fed will surrender to inflation in 2023.· Recession will be the Fed’s next battle, and they’ll lose that too.· Inflation is expanding with money supply and credit supply.· Consumers in debt are going out with a bang.· Republican compromises continue to err on the side of big government.Go to https://bambee.com and type in Peter Schiff under PODCAST when you sign upJoin my Locals community to get The Peter Schiff Show ad-free and a day early! Plus get access to special live reports and Q&As. Visit https://schiffradio.com/premium to become a member.Invest like me: https://schiffradio.com/investRATE AND REVIEW on Facebook: https://www.facebook.com/PeterSchiff/reviews/SIGN UP FOR MY FREE NEWSLETTER: https://www.europac.com/Schiff Gold News: http://www.SchiffGold.com/newsBuy my newest book at http://www.tinyurl.com/RealCrashFollow me on Facebook: http://www.Facebook.com/PeterSchiffFollow me on Twitter: http://www.Twitter.com/PeterSchiffFollow me on Instagram: https://Instagram.com/PeterSchiffOur Sponsors:* Check out FRE and use my code LISTEN20 for a great deal: https://frepouch.com* Check out Infinite Epigenetics: https://infiniteepigenetics.com/GOLD* Check out Justin Wine and use my code SCHIFF20 for a great deal: https://www.justinwine.comPrivacy & Opt-Out: https://redcircle.com/privacy

11 Jan 202342min

Gold Stocks Ring in the New Year With a Bang - Ep 865

Gold Stocks Ring in the New Year With a Bang - Ep 865

· Investment rotation continues into value, international, emerging markets, and precious metals.· Precious metals mining stocks are best performing sector of 2023 so far.Expect a breakdown in the dollar and an even bigger breakout in mining stocks.· Bitcoin is sliding a slope of hope.· NY Attorney General files civil charges on Alex Mashinsky for Celsius fraud.Sign up for a $1/month trial period at https://shopify.com/goldJoin my Locals community to get The Peter Schiff Show ad-free and a day early! Plus get access to special live reports and Q&As. Visit https://schiffradio.com/premium to become a member.Invest like me: https://schiffradio.com/investRATE AND REVIEW on Facebook: https://www.facebook.com/PeterSchiff/reviews/SIGN UP FOR MY FREE NEWSLETTER: https://www.europac.com/Schiff Gold News: http://www.SchiffGold.com/newsBuy my newest book at http://www.tinyurl.com/RealCrashFollow me on Facebook: http://www.Facebook.com/PeterSchiffFollow me on Twitter: http://www.Twitter.com/PeterSchiffFollow me on Instagram: https://Instagram.com/PeterSchiffOur Sponsors:* Check out FRE and use my code LISTEN20 for a great deal: https://frepouch.com* Check out Infinite Epigenetics: https://infiniteepigenetics.com/GOLD* Check out Justin Wine and use my code SCHIFF20 for a great deal: https://www.justinwine.comPrivacy & Opt-Out: https://redcircle.com/privacy

7 Jan 202357min

2023 Begins Where 2022 Left Off - Ep 864

2023 Begins Where 2022 Left Off - Ep 864

· 2023 is gearing up for a lot of volatility and weakness in the stock market.· 2023 stock market highs may have already been made.· NASDAQ stocks will implode when Cathie Wood turns from being biggest buyer to biggest seller.· 2023 will likely be the year Bitcoin collapses and gold shines.Get an extra 3 months. https://expressvpn.com/gold.Join my Locals community to get The Peter Schiff Show ad-free and a day early! Plus get access to special live reports and Q&As. Visit https://schiffradio.com/premium to become a member.Invest like me: https://schiffradio.com/investRATE AND REVIEW on Facebook: https://www.facebook.com/PeterSchiff/reviews/SIGN UP FOR MY FREE NEWSLETTER: https://www.europac.com/Schiff Gold News: http://www.SchiffGold.com/newsBuy my newest book at http://www.tinyurl.com/RealCrashFollow me on Facebook: http://www.Facebook.com/PeterSchiffFollow me on Twitter: http://www.Twitter.com/PeterSchiffFollow me on Instagram: https://Instagram.com/PeterSchiffOur Sponsors:* Check out FRE and use my code LISTEN20 for a great deal: https://frepouch.com* Check out Infinite Epigenetics: https://infiniteepigenetics.com/GOLD* Check out Justin Wine and use my code SCHIFF20 for a great deal: https://www.justinwine.comPrivacy & Opt-Out: https://redcircle.com/privacy

4 Jan 202344min

This Time Japan Dropped a Bomb on Us - Ep 863

This Time Japan Dropped a Bomb on Us - Ep 863

· Everyone realizes recession is coming, but nobody realizes how bad it will be.· Too many people are getting rich off war in Ukraine for there to be a chance of peace.· Gold and silver mining stocks are at the beginning of a bull market.· Institutional interest in Bitcoin is gone.· Bank of Japan has now joined the tightening party.Go to https://bambee.com and type in Peter Schiff under PODCAST when you sign upGo to https://shopify.com/gold for a FREE trial.Join my Locals community to get The Peter Schiff Show ad-free and a day early! Plus get access to special live reports and Q&As. Visit https://schiffradio.com/premium to become a member.Invest like me: https://schiffradio.com/investRATE AND REVIEW on Facebook: https://www.facebook.com/PeterSchiff/reviews/SIGN UP FOR MY FREE NEWSLETTER: https://www.europac.com/Schiff Gold News: http://www.SchiffGold.com/newsBuy my newest book at http://www.tinyurl.com/RealCrashFollow me on Facebook: http://www.Facebook.com/PeterSchiffFollow me on Twitter: http://www.Twitter.com/PeterSchiffFollow me on Instagram: https://Instagram.com/PeterSchiffOur Sponsors:* Check out FRE and use my code LISTEN20 for a great deal: https://frepouch.com* Check out Infinite Epigenetics: https://infiniteepigenetics.com/GOLD* Check out Justin Wine and use my code SCHIFF20 for a great deal: https://www.justinwine.comPrivacy & Opt-Out: https://redcircle.com/privacy

24 Dec 202251min

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