I have admired and followed Peter Schiff’s work over the years. Although contrarian at times, his market analysis is very solid and insightful and can be accessed through Hillbent.com or directly at Peter’s website.
Being bearish is almost akin to high treason in America’s financial industry and media. Some of my money manager peers discredited me for having a 65% cash allocation from January 2008 and later increasing it to 90% on September 17th, 2008 and missing the two biggest moves of the market that followed the $700 billion bailout plan announced by Treasury Secretary Henry Paulson.
Despite the current bear market, I follow and analyze the U.S. markets daily in real time, i.e. monitoring for clues of change and continually building a solid watch list of companies that highly correlates with my investment thesis. Whenever the market trend and economic fundamentals turn around, a legitimate new business cycle will offer plenty of time to realize profits. Until then, I will research investment themes and stocks that offer compelling market growth and/or value opportunities and bring them to the attention of readers.
Back to Peter Schiff… In a nutshell, the emperor has no clothes and while openly discussing this violates investment finance etiquette, Peter’s penchant for the truth should be lauded and not taunted. Enjoy…
The above video should emphasize many of the "media’s market gurus" are too narrow minded and myopic in their focus on the capital markets to acknowledge the possibility of a flat world or black swan. Yet in extraordinary times such as these, they also seem to refute the phoenix-like principles of the business cycle. However, the "real investment gurus" know much better and many of them are averse to sharing these secrets of the temple with the general public. In fact, whenever the media dismisses someone like Peter Schiff, it actually serves
