Peter Schiff: The Carnage on Wall Street Has Already Begun

October is just one week old and the carnage on Wall Street has already begun I wonder if the October complacency is starting to be shaken a bit with the down move that we see. The catalyst is rising interest rates which of course the markets have been ignoring.

Habits, Compound Interest & Self-Improvement

A great quote,

"Habits are the compound interest of self improvement." 

- James Clear, Author of Atomic Habits

Mark Minervini: How To Spot The End Of A Bear Market

"Once the masses accept every pullback as simply another buying opportunity and ignore the risk in stocks, the end of a bull market is near. This was the case during virtually every strong bull market in history."

- Mark Minervini, momentum stocks trader profiled in the Stock Market Wizards book (October 3rd, 2018)

Related trading instruments: SPDR S&P 500 ETF Trust (SPY), Russell 2000 Index ETF (IWM)

Peter Schiff: How Crude Oil Can Make New All-TIme Highs

I believe that if we see a real bear market in the US Dollar in 2019-2020, by the time the 2020 election comes around oil prices could have taken out the high price that they hit back in 2008 which was around 140-150 dollars a barrel.

Peter Schiff: Weak Stocks Beneath The Surface

If you look at some of the sectors that continue to get beat up making new 52 week lows so even though the headlines are probably gonna be about the Dow Jones Industrials Average (DJIA) making another all-time record high, beneath the surface are a lot of stocks that are having a lot of problems.

Asia Is More Efficient

If you landed at JFK airport, you landed at a third world Airport and you enter into a third world taxi on a third world highway into a third world 5-star Hotel. You go to Singapore and you're out of the airport in 12 minutes. I didn't say out of the plane, you're out of the airport. Same thing now in the new Hong Kong Airport. For whatever reason they're efficient they're modern they work.

The US dollar Is Going To Get Overpriced

I own a lot of US dollars right now, a lot of US dollars! Because what happens  when the there's a crisis or turmoil people look for a safe haven. Yes, they think the US dollar is the safe haven so the US dollar is going to get overpriced it could even turn into a bubble depending on how bad the turmoil is at which point I'll sell my US Dollars and put it into something else.