Risk Assets Crash Tests Fed’s Resolve – Ep 770
The Peter Schiff Show Podcast
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Stocks Down 77 % From Its Peak
Pelaton is now down 84 % from its high. The only people that made money on palaton were the people who sold zoom video, another classics. Look at some other groups of stocks, the stay at home stocks. These are the stocks that everybody was buying during the pandemic because people were staying at home. And so nobody ared about valuations. People simply bought stuff because it was going up. They got stimulus checks from the government and they bought a bunch of stocks. But they had no idea what they were doing.
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