Fake Accounting Trumps Fake News – Ep. 400
The Peter Schiff Show Podcast
Peter Schiff
4.6 • 5.9K Ratings
🗓️ 17 October 2018
⏱️ 55 minutes
🧾️ Download transcript
Summary
Thanks to Listeners for 400 Episodes of The Peter Schiff Show Podcast
For those of you who say that Peter Schiff does Podcasts when the Dow is down, Dow Jones was up 547 points today. This is my 400th episode of the Peter Schiff Show Podcast. I want to take a moment to thank my audience - everybody who has been listening to the podcast. Especially to the people who have listened to all 400 episodes. By the way, if you missed a few, they're all archived.
Check out all the Archived Episodes of the Shows
Some people have been listening for a lot longer. I was doing a daily talk show for 3 years or so. I started it after my failed Senate campaign to continue to get my ideas out there. But I eventually did not have enough hours in the day to commit to be at a mic for 2 hours each day doing a live show, even though I enjoyed it - we had a lot of guests and I took a lot of calls. Before I ran for Senate, I did a once a week call-in show, Wall Street Unspun. Some people who are listening to the podcast go all the way back to the Wall Street Unspun days. A Special thanks to the people who have listened all of these years.
Please Take the Time to Rate and Review my Podcast
Remember, if you have been listening to my podcasts, certainly if you've listened to all of them, do me a favor and rate the podcast on iTunes or whatever platform you use to access my podcast. Rate the podcast, make comments about the podcast, put 5 stars down there.
Market Up, But We May Still be in Bear Territory
There is so much overwhelming evidence that the bull market is over, and that's what I want to focus on. The housing stocks had a rally today but the auto stocks are still very weak. The economic data that I've been seeing has been weak but nonetheless, as I said earlier, the Dow was up 547 points, that was 2.17%. But the NASDAQ Composite was up 214 points - 2.89% on the day. The Russell 2000, which had been getting beaten up was up 43 points today - 2.82%.
Gold Steady, Dollar Negative Most of the Day
Gold was only off a couple of bucks. It started the day higher, 5-6-7 dollars, but in the face of this tremendous rally, gold kind of lost its bid. But it didn't really sell off. It was only down a little bit. So gold stocks in general were down, but not much. The dollar spent almost the entire day negative. 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
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| 0:00.0 | The Petership Show |
| 0:09.2 | Well for those of you who say that Petership only does podcasts when the Dow is down, |
| 0:14.9 | the Dow Jones was up 547 points today and I am doing a podcast but you know before I |
| 0:22.0 | get into the meat of this podcast, I want to talk a little bit about my podcast because |
| 0:27.2 | I just happen to notice that this is going to be the 400th episode of the Petership |
| 0:34.4 | Show podcast. So I want to take a moment to thank my audience, everybody who has been |
| 0:39.7 | listening to the podcast especially the people who have listened to all 400 episodes. |
| 0:46.7 | By the way, if you missed a few, they're all archived so you can go back and you can |
| 0:51.0 | catch up to any episodes that you missed. Of course some people have been listening |
| 0:56.0 | for a lot longer if you know or maybe you don't. I was doing a daily syndicated talk show, |
| 1:01.4 | the Petership Show for I don't know two or three years. I started it after my failed |
| 1:06.7 | senate campaign to try to continue to get my ideas out there but I eventually ran into |
| 1:13.2 | a problem where I just didn't have enough hours of the day to be committed to be at a |
| 1:17.0 | mic for two hours every day to do a live show. Even though I enjoyed it, we had a lot |
| 1:21.9 | of guests, I took a lot of calls, just something I didn't have the time to do. And before |
| 1:27.2 | that, before I ran for senate, I used to do a once a week call-in show called Wall Street |
| 1:33.6 | Unspun. I know there are still some people who are listening to the podcast that go all |
| 1:38.1 | the way back to the Wall Street Unspun days. So special thanks to the people who have |
| 1:43.7 | listened to all of the years. And remember, I mentioned this a couple of times on the |
| 1:48.1 | podcast but if you have been listening to my podcast, certainly if you've listened to |
| 1:52.5 | all of them, do me a favor and rate the podcast. Whichever platform you're on, iTunes or |
| 2:00.8 | anyplace else, you can rate the podcast. You can make comments about the podcast, you |
... |
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