"Rather than focus on the long term, the Fed is guided by the short-term realization that any significant withdrawal of support will cause a steep sell off on Wall Street, a spike in interest rates and an end to the reflating housing bubble. They are not prepared to tolerate any of these outcomes ... I believe that the Fed's next big definitive announcement will be an increase in QE rather than a diminishment." - in Newsmax
Related ETFs: Financial Select Sector SPDR (XLF), SPDR Dow Jones Industrials ETF (DIA), SPDR SP 500 Index ETF (SPY), SPDR Gold Trust ETF (GLD)
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.
