“Schiff may be right, but he always says we’re doomed; he’s the proverbial stopped clock.”
Yes, eventually it will happen. Robert Kiyosaki has been saying the same thing for years, “Stock holders will lose everything.”
I don't believe this, especially if you're invested in tech stocks. I've never seen people as negative as they are right now, which from a contrarian point of view is very positive for the market.
As Baron Rothschild said, "Buy when there's blood in the streets, even if the blood is your own."