3 ms·

Just to play devil's advocate, what if Peter Schiff is right again? :-)

• tunesmith 10y ago
  right about what?
  • thr0waway1239 10y ago
    Maybe you already know, but he is this perma-bear investor who became a YouTube meme in early 2009.[1] He was the guy who was constantly warning about the potential for a 2008 style crash starting around 2006. The longer the bubble was going up, naturally, the more and more he was mocked. Until it all came tumbling down. The point is, he is basically saying what we are seeing now in 2016 looks like the run up to the crash in 2008. Although his critics would rightly point out that he has been saying the same thing for effectively most of the last 10+ years. If you think 2008 could and should have been avoided, you might not agree with his views. If you think it was a long overdue correction, you would be more likely to agree. Finally, how this relates to the article mentioned here: while timing the market is definitely difficult, I suppose there are times when you are better off not entering the market at all lest your investing psychology gets permanently burnt. The next year or so might be one of those periods. (In other words, my personal view is - just hold on to your cash for a while and do nothing with it). [1] https://www.youtube.com/watch?v=Z0YTY5TWtmU https://www.youtube.com/watch?v=Z0YTY5TWtmU