Any News Is Bad News for Stocks – Ep 838
The Peter Schiff Show Podcast
00:00
The Fed Is Pulling the Plug, Draining the Markets of Liquidity
I think we are in the early stages of a historic bear market, both in its severity and in its longevity. The economy has never been weaker, while stocks have never been more overpriced. Investors need to understand that the stock market has literally been surfeying a wave of liquidity. As the recession worsens, more downward pressure is going to be exerted on corporate earnings.
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