Inflation Is No Threat to Gold – Ep 663

The Peter Schiff Show Podcast

Peter Schiff

Business, Politics, Business News, Investing, News

4.7 • 5.8K Ratings

🗓️ 27 February 2021

⏱️ 55 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

* Stock markets end February hemorrhaging.
* March may start with a black Monday blood bath.
* Meme stocks mania add to the market craziness.
* Cancel culture insanity infects The Bachelor.
* Don't assume Mr. Potatohead's gender.
* How will the future generations judge us?

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Transcript

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0:00.0	I like to thank Tommy Johns for being the newest supporter of the Peter Schiff Show
0:13.3	podcast.
0:14.3	You know, you take the 75 inch TV, not the 50.
0:17.9	You buy the rib-by steak, not the sirloin.
0:20.8	You want to fly business, not coach.
0:23.1	There are times when paying a little more is worth it.
0:26.3	And now you can get 15% off Tommy Johns underwear and loungewear at TommyJohn.com slash
0:33.6	goal.
0:34.6	See the website for the details.
0:36.2	The Dow Jones finished the last trading day of the month of February down about 470 points.
0:43.7	It ended the week in the red by about 1.8%.
0:47.6	But that's a small decline compared to the better than 5% drop in the NASDAQ.
0:52.9	Although the NASDAQ did manage to pair its weekly losses on the day, managing to be
0:58.3	up about 1.5% of 1%.
1:01.6	But the real damage started yesterday in the market.
1:05.8	The NASDAQ really got hammered.
1:07.6	In fact, most of the decline on the week happened yesterday.
1:11.5	But if you look at the technical action, the Dow Jones, which hit an all-time record high
1:16.8	during the week, ended up closing negative on the week for an outside reversal week.
1:22.3	And if you look at the weakness and of the close, the market tried to rally back.
1:26.6	But basically just rolled over and just hemorrhaged for the lows near the end of the day.
1:32.7	I think that was a very weak close.
	...

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