October 20, 2011

US Stocks Are Overpriced

I think US stocks are overpriced, despite the fact that people think there is a lot of value there, but the US dollar is even more overpriced. So in real terms stocks are going to go down in value when measured in gold. Recently we were at the upper end of the channel. - in KWN

Tickers, SPDR S&P 500 Index ETF (SPY), ProShares UltraShort S&P500 ETF (AMEX:SDS)

Peter Schiff`s comments on the economy, stock markets, politics and gold. Schiff is the renowned writer of the bestseller Crash Proof: How to Profit from the Coming Economic Collapse.

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