This Quote Will Help You Understand The Current Stock Market
The stock market is a tricky animal. Few people understand the basic workings of it. Even fewer understand the real reasons for stocks moving up and down and actually make money off the stock market. Last month, stocks rallied big time. It was the best September in a long time. Why? I thought the economy sucked! The following quote should help you to understand why…
The following is from Peter Schiff:
Many commentators are celebrating the “best September for the Dow and S&P in 71 years,” rising 7.7% and 8.8% respectively. Well, it was also a pretty great September for soybeans (up 9.5%), rice (up 10%), oil (up 11%), corn (up 12.2%), orange juice (up 13%), cotton (up 17.5%), and sugar (up 19.3%). In fact, the whole CRB is up 8.7%. The Swiss franc is up 4.6%, the euro up 7%, the Aussie dollar up 9%. Gold is at all-time highs, silver at 30-year highs, and copper at 3-year highs.
In other words, the box of Uncle Ben’s in my kitchen cabinet had a better month than the Dow Jones Industrials. The same could be said for the boxer shorts in my dresser. Could it be that the Dow isn’t rising, but the dollar falling?