Wednesday, June 1, 2011

Peter Schiff - Big Sell-off in the Stock Market today 01 June 2011

Peter Schiff - we had a Big Sell-off in the Stock Market today , the Dow dropped almost 280 points , the dollar sank to a new record low against the Swiss franc it also fell against the Yen but it strengthens against all other currencies especially those currencies associated with economic growth or commodities such as the Australian and new Zealand dollar , gold rose but silver lost some ground ..


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Peter Schiff is a well-known commentator appearing regularly on CNBC, TechTicker and FoxNews. He is often referred to as "Doctor Doom" because of his bearish outlook on the economy and the U.S. Dollar in particular. Peter was one of the first from within the professional investment field to call the housing market a bubble. Peter has written a book called "Crash Proof" and a follow-on called "The Little Book of Bull Moves in Bear Markets". He is the President of EuroPacific Capital, which is a brokerage specializing in finding dividend-yielding, value-based foreign stocks.