Bernie Sanders has already won – Ep 553
The Peter Schiff Show Podcast
Peter Schiff
4.6 • 5.9K Ratings
🗓️ 26 March 2020
⏱️ 32 minutes
🧾️ Download transcript
Summary
Increasing evidence that this will be the longest bear market in history, like the fact that the “experts” on CNBC believe the opposite.
Dollar starting to sink as fed dilutes its value with endless money printing.
The Greater Depression has just begun.
Unemployment now more lucrative than employment.
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Transcript
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| 0:00.0 | What's up, Peter Schiff Show. |
| 0:09.1 | Another huge rally in the Dow Jones today, up 1,351.6.38%. |
| 0:16.8 | Not quite as big as Tuesday's 2,000 point rally, but still one of the biggest days ever |
| 0:23.9 | for the Dow. |
| 0:24.9 | In fact, over the last three consecutive days, the Dow has risen by 24% from the low on |
| 0:33.8 | Monday to today's close. |
| 0:36.2 | I mean, technically, I guess that's a bull market in the span of three days. |
| 0:41.3 | But to me, this is just a correction in a bear market. |
| 0:45.4 | Whether or not it technically meets the definition of a bull market, I think, is immaterial. |
| 0:50.0 | When you have a bull market or bear market that started as rapidly as this one, that |
| 0:56.4 | fell as much as it did, as quickly as it did, it makes sense that you would have a pretty |
| 1:02.2 | big correction. |
| 1:03.2 | In fact, I'm sure during the 1930s, I haven't checked the number, but there were many such |
| 1:09.6 | rallies within that long-term bear market where you had corrections that were greater than |
| 1:15.7 | 20%. |
| 1:17.0 | In fact, there were a lot of people on CNBC today that were really pounding the table. |
| 1:21.9 | In fact, they brought one person after another on all day long to tell investors to buy |
| 1:27.6 | that the bear market is over, that it's a new bull market, that there's not much risk in |
| 1:32.6 | the market, that you're going to make money if you buy. |
| 1:35.4 | It's a year from now, two years from now, you're going to be way ahead. |
| 1:39.2 | Everybody was bullish. |
| 1:40.6 | I didn't really hear any bears. |
... |
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