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Thursday, December 31 2009  |  04:54 EDT  | 
DJIA (DIA) S&P 500 (SPY)

Market Currents

Wednesday, January 28, 2009
12:02 PM TweetThis
  • Peter Schiff is reportedly livid about Shedlock's takedown, in which Mish asserts Schiff's clients did not profit in 2008 despite the guru's rightly gloomy prognostications. More to come soon.

This news story has 1 comment:

  •  
    It's interesting that Schiff's response was that Mish is just trying to denigrate a competitor. I, for one, had never thought of the two as being "competitors," but rather two independent (of each other and of the main-stream media) voices with astute observations made to help us understand what the heck is going on in our economy and our markets.

    That Schiff is "livid" and that he reacted so defensively to what is apparently a fair assessment of his recent market performance is astonishing. The facts should speak for themselves, and at the moment, the blogospher seems to believe that Mish's account was quite factual.

    It will be interesting to see how this plays out in the supposed WSJ article in the works. If Mish's assertions are corroborated, he has much to gain in credidibility and readership, while Schiff would have much to lose. Of course, if Mish's assertions cannot be corraborated, or are discredited, the reverse is true.
    Jan 28 12:38 PM | Link | Reply
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