Okay, he was right. Amazingly, accurately right. What is Schiff saying NOW?
Dow = 1 oz of gold.. Said it last night on CNBC..
Schiff is talking about a rough domestic market until at least 2010, and that any quick fixes are going to do more harm than good.
He’s also been talking about gold, international fixed income and Asian markets. I think he is a bit off the mark with the international, because we didn’t see the separation most people expected.
However, if the US economy comes back a bit, international markets will heat up a bit too.