4.7 • 5.8K Ratings
🗓️ 17 September 2022
⏱️ 46 minutes
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0:00.0 | The Peter Shiff Show. |
0:09.5 | Today's podcast was recorded yesterday. |
0:12.1 | If you want to listen to my podcast, Commercial Free, the day that I record them, go to |
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0:19.6 | It only costs $5 a month. |
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0:32.1 | The markets ended another down week on a down note, although we didn't close on the |
0:37.1 | lows of the day. |
0:38.1 | There was a bit of a rally in the last hour, but I don't think it turned the technical |
0:42.8 | picture at all. |
0:44.1 | I think we look very weak going into next week, looking at the size of the declines this |
0:49.9 | week. |
0:50.9 | The Dow dropped 4.1%. |
0:54.2 | The Dow is now 16.6% below its record high. |
0:58.5 | Now the low it got in this bear market was just down 20% before we had that big bear market |
1:05.3 | correction. |
1:06.3 | The S&P 500 was down 4.8% on the week, so a bigger decline and that index is now down |
1:12.4 | 19.6%. |
1:13.4 | So almost back in that 20% official bear market territory, but I think it's still a bear |
1:19.2 | market, even though the rally in that bear market temporarily lifted it from being down |
... |
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