4.7 • 5.8K Ratings
🗓️ 1 March 2024
⏱️ 57 minutes
🧾️ Download transcript
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0:00.0 | The Peter Shiff Show. |
0:09.6 | Today's podcast is sponsored by Mint Mobile. |
0:12.3 | Wireless plans for Mint Mobile start at just $15 a month when you purchase a three month plan. That's unlimited talk, text and data for only $15 a month. Go to midmobile.com slash gold. |
0:24.0 | Today's podcast is also sponsored by Neolite. |
0:28.0 | The makers are some of the most effective and best valued red light therapy products currently on the market to promote |
0:34.8 | healthy living and longevity. Check out the exclusive discounts for my |
0:39.2 | audience at neolite Bed.com. |
0:46.4 | Well, we just wrapped up another month in the market. Today is the last day of February, though we got an extra day this February. |
0:51.8 | This is the 29th leap year so we only get one of these every four years but the |
0:58.6 | markets had a great month I guess if you're long the market's hitting new highs although today the only of the |
1:05.3 | major indexes that hit a new high for the year was the Russell 2000 so a little bit of a |
1:11.9 | pullback intra week but a strong month for stocks led |
1:16.2 | higher by AI and video and other tech stocks that are tied to the AI bubble revolution, however you want to look at it. |
1:28.0 | Also, crypto had a big month, Bitcoin, the new Bitcoin ETS, Bitcoin back above 60,000 as I'm |
1:37.4 | recording the podcast. I think we're around 61,500. It got as high as I think 64,000 earlier in the week, |
1:47.1 | although what was interesting is that when it hit 64,000, |
1:51.6 | about five minutes later, it was back below 59,000. |
1:56.0 | So it was a $5,000 drop in a matter of minutes |
2:01.9 | or maybe even seconds, I wasn't sure. |
2:04.0 | Now the market did bounce back. It didn't come all the way back to the highs, |
2:08.0 | but it just shows you how quickly the bottom can drop out of this market |
2:12.0 | because a Bitcoin can drop 5 of this market because if |
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