Dow 30k. Fed Gets the Credit and the Blame – Ep 630
The Peter Schiff Show Podcast
Peter Schiff
4.6 • 5.9K Ratings
🗓️ 25 November 2020
⏱️ 56 minutes
🧾️ Download transcript
Summary
*
Markets hit all time record high of 30k.
*
Record TSLA stock price rockets Elon Musk to second richest in the world.
*
Trump takes credit for record markets he said would tank on Biden win.
*
Janet Yellen for Secretary of Debt.
*
The opposite of the Roaring Twenties are here.
*
Bitcoin flirts with 20k.
*
FDA blocks harmless drugs.
Thanks Keeps. To receive your first month of treatment for free, go to https://keeps.com/GOLD
Invest like me: https://schiffradio.com/invest
RATE AND REVIEW the Peter Schiff Show Podcast on Facebook.
https://www.facebook.com/PeterSchiff/reviews/
SIGN UP FOR MY FREE NEWSLETTER: https://www.europac.com/
Schiff Gold News: http://www.SchiffGold.com/news
Buy my newest book at http://www.tinyurl.com/RealCrash
Follow me on Facebook: http://www.Facebook.com/PeterSchiff
Follow me on Twitter: http://www.Twitter.com/PeterSchiff
Follow me on Instagram: https://instagram.com/peterschiff Our Sponsors: * Check out Chilipad and use my code sleep.me/GOLD for a great deal: https://sleep.me * Check out DBJourney and use my code Schiff15 for a great deal: https://dbjourney.com * Check out Fast Growing Trees and use my code GOLD for a great deal: https://www.fast-growing-trees.com * Check out Plaud AI and use my code GOLD for a great deal: https://plaud.ai * Check out Quince and use my code quince.com/gold for a great deal: https://www.quince.com * Check out TruDiagnostic and use my code GOLD20 for a great deal: https://www.trudiagnostic.com Privacy & Opt-Out: https://redcircle.com/privacy
Transcript
Click on a timestamp to play from that location
| 0:00.0 | I like to thank Keeps for continuing to support the Peter Shif Show podcast. |
| 0:13.8 | Keeps makes easy and affordable hair loss treatment for men. |
| 0:18.3 | To receive your first month of treatment for free, go to Keeps.com slash gold. |
| 0:24.4 | All you have to lose is your hair. |
| 0:27.6 | We finally did it. |
| 0:29.2 | The Dow Jones not only traded above, but closed above 30,000 for the first time in history. |
| 0:37.9 | We had flirted with that level for a while, but now we broke through it. |
| 0:42.7 | The new high is 30,116 spot 51. |
| 0:49.0 | Today's close was 30,046.24. |
| 0:53.4 | The Dow Jones wasn't the only index hitting a record high today. |
| 0:57.4 | The Russell 2000 also managed to make a new record and close in record high territory. |
| 1:04.8 | That index up just shy of 2% at 1853 spot 53. |
| 1:10.0 | Now, the S&P of the Nasdaq, they were also higher today, but they did not make record highs. |
| 1:17.4 | Leading the Nasdaq was Tesla. |
| 1:19.6 | Tesla did make another all-time record high up over 7% today. |
| 1:25.2 | This has now vaulted Elon Musk to the number two spot. |
| 1:30.2 | He is now the second richest man in the world. |
| 1:33.7 | In fact, I think in the last year, he has added like $100 billion to his net worth. |
| 1:40.9 | What it took Jeff Bezos, I don't know, 20 years to accomplish, Musk did it in about one. |
| 1:48.4 | Of course, much of this is on paper, so who knows if he's going to be able to cash out. |
| 1:55.4 | Obviously, he can't cash out anywhere near that much money. |
| 1:58.8 | It's interesting, CMBC keeps talking about all this wealth that Musk has created. |
... |
Please login to see the full transcript.
Disclaimer: The podcast and artwork embedded on this page are from Peter Schiff, and are the property of its owner and not affiliated with or endorsed by Tapesearch.
Generated transcripts are the property of Peter Schiff and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.
Copyright © Tapesearch 2026.