"After last year's stunning 29 percent rally in U.S. stocks, Wall Street virtually assured investors at the end of last year that the good times would continue. Instead, stocks are virtually flat for the year. If not for the super-charged mergers and acquisitions market, which according to the Wall Street Journal accounted for 638 billion dollars of transactions thus far in 2014 (the highest level of activity in almost 20 years), and the rock bottom long term interest rates provided by the Federal Reserve, markets could be tanking. What's worse is the fact that the first five months of the calendar are usually the best for market performance (hence the Wall Street adage "sell in May and go away.") If this is how we have fared in the Spring, beware the Summer doldrums and the time this Autumn when the Fed is scheduled to end its QE program." -
in Schiff Radio
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. Visit the new website Schiff On The Markets for exclusive content.
