The Fed Will Lose an Inflation Fight – Ep 775
The Peter Schiff Show Podcast
00:00
Stocks That Moved Lower on Friday
All three of those stocks ended up beating expectations. That resulted in a sharp reversal in those names, which also helped to power the entire nasdek up. In fact, amazon was up 13 and a half % on the day. Pintres up 11 %, and snap rose by a staggering 59%. And i think what helped to power those gains was the fact that people may have gotten short in anticipation of a facebook style blow up,. When that didn't happen, they had the rush to cover. All of these stocks are over valued, and i think they're going much lowers.
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