Saturday, August 15, 2009

Fast Money Crew vs Peter Schiff (No, This Is Not 2007)

I posted this video on my other blog more specifically about trading, but I'm posting here, too. It seems like the once-popular game of ridiculing and scoffing at Peter Schiff, which has never gone away, is back on again.

The last time the financial media played this game and thoroughly enjoyed themselves at the expense of Peter Schiff, who remained calm throughout, was right at the stock market top in October 2007 and the start of the recession/depression we're currently in (officially December 2007):

Maybe, just maybe, the market is fast approaching another top, only to crash, just like the last time they laughed at Schiff.

This time around, they may be attacking Schiff for another reason: Schiff may be running for Senate against Chris Dodd (chairman of Senate Banking Committee), as libertarian candidate.


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