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The Peter Schiff Show Podcast

For Now, Bad News Is Good Again – Ep 851

The Peter Schiff Show Podcast

Peter Schiff

Business, Politics, Business News, Investing, News

4.75.8K Ratings

🗓️ 30 October 2022

⏱️ 58 minutes

🧾️ Download transcript

Summary

· Dow has best October in its history.
· Rotation continues from growth to value stocks.
· Market is priced for perfection with anything but perfect circumstances.
· Inflation will never go back to 2%
· Amazon, Apple, and Netflix disappoint investors.
· Meta and Alphabet hurt by dried up advertising.
· Consumers need to save now and buy later, not buy now and pay later.
· Elon Musk buys Twitter and thanks Peter Schiff.



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Transcript

Click on a timestamp to play from that location

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

0:17.0

shiffradio.com slash premium.

0:19.6

It only costs $5 a month.

0:21.8

Today's podcast is sponsored by ExpressVPN.

0:24.6

ExpressVPN is an app that prevents your phone carrier from being able to see what site

0:28.8

you visit and then sell that data to third parties.

0:31.6

Go to expressvpn.com slash gold and get three months free on a one year package.

0:36.4

Today's podcast is also sponsored by Indeed.

0:39.4

Attract, interview and hire all in one place.

0:42.2

Don't spend countless hours looking for candidates with the right job skills.

0:46.1

Start hiring right now at d.com slash Peter.

0:48.8

Offer good for a limited time.

0:50.4

Terms and conditions apply.

0:52.0

Cost-proplication pricing not available for everyone.

0:55.3

We only have one trading day left to go in the month of October and not only haven't

1:01.6

we had a crash in October, something that I've been alluding to the possibility of all

1:07.3

month, but we are in fact on pace for the best October in the history of the Dow.

1:14.6

In fact, if we don't crash on Monday, this is going to be the best month for the Dow in

1:22.0

over 30 years.

1:24.2

Think about that and also think about all the bad news that came out on the month, not

...

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