A Sea Of Red

Pretty good video. Wait till you see the middle of the video were people are laughing at him!! This guy was MONEY on his predictions about the economy and credit/mortgage situation in our country years ago, and was mocked for it!

belcherboy wrote:

Pretty good video. Wait till you see the middle of the video were people are laughing at him!! This guy was MONEY on his predictions about the economy and credit/mortgage situation in our country years ago, and was mocked for it!

Wow. halfway through watching the video, I was about to say 'People have been predicting a huge correction, so this isn't anything new"... but there are so many people saying idiotic things like "ehhh, it's a little bad, maybe some volatility through next month, but stocks are going to be a lot higher next year"...

In short, if I see Peter Schiff telling me to stock up on supplies, I'm heading to Wal-Mart. This guy should have Chuck Norris-type legends written about him.

I mean, Ben Stein was talking about how Merrill Lynch was trading at 72.00, so it was a huge buy. It's now at 11.00.
The next girl says Goldman Sachs is a huge bargain at 175.00. It's now at 62.50.

Peter Schiff says stay away from financials... I mean, it wouldn't surprise me if at the end of the video you see Peter Schiff on an April edition of PTI saying 'Guys, trust me, the Tampa Bay Rays are going to be a force to be reckoned with', followed by Kornheiser and Wilbon laughing him out of the room (of course, this is predicated on the notion that they actually talk baseball on PTI, but I digress).

Peter Schiff is so money, he knew the Eagles were going to tie last week.

By the way, I looked at more Peter Schiff videos... Obama-bashers don't want to see this one:

http://www.youtube.com/watch?v=sMdF1CiQAkA