A September Investors Hope to Forget – Ep 845
The Peter Schiff Show Podcast
Peter Schiff
4.7 • 5.8K Ratings
🗓️ 2 October 2022
⏱️ 49 minutes
🧾️ Download transcript
Summary
· Carnival Cruise sinking like the Titanic.
· CNBC finally starts criticizing Cathie Wood.
· Anyone one who dropped gold for Grayscale has lost tremendously.
· Puerto Rico needs relief from government, not hurricanes.
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Transcript
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| 0:00.0 | The Peter Shiff Show. |
| 0:09.5 | Today's podcast was recorded yesterday. |
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| 0:39.9 | Friday was the last trading day of the month. |
| 0:43.2 | It was also the last trading day of the quarter. |
| 0:46.9 | But first, let's look at the damage in September because it really was a September that very |
| 0:52.4 | few investors are going to want to remember. |
| 0:55.5 | This was the worst monthly drop since March of 2020. |
| 1:00.3 | And remember, March of 2020 was when everything collapsed based on COVID. |
| 1:05.5 | That was the beginning of the COVID collapse in the stock market, March of 2020. |
| 1:11.5 | And this is the worst month since then, except we didn't have anything like COVID. |
| 1:16.4 | Nothing happened other than the fact that the Fed continued to raise interest rates and |
| 1:21.1 | the market finally started to care about what that port ends. |
| 1:25.5 | And we got this big drop. |
| 1:27.1 | But as far as September's go to find a September that was worse than September 2022, you got |
... |
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