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This Quote Will Help You Understand The Current Stock Market

6 October 2010 3 Comments

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?

3 Comments »

  • Darla Serrano said:

    I've been a big fan of Peter Schiff for some time! Love this quote!

  • wingtipwalker said:

    *Like*

  • YOUPORN said:

    This is a smart blog. I mean it. You have so much knowledge about this issue, and so much passion. You also know how to make people rally behind it, obviously from the responses. You have got a design here thats not too flashy, but makes a statement as big as what you are saying. Great job, indeed
    YOUPORN