As the market digests the weakening economy and the lower market, then you start to get the optimism for the release, the fix, which is QE3. So I think QE3 puts a floor beneath the market. - in BI
Related: SPDR S&P 500 Index ETF (SPY), Nasdaq 100 Index, Dow Jones Industrials
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.