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IPFS News Link • Economic Theory

Peter Schiff: Has Fed Talk Pricked The Mother Of All Bubbles?

• Zero Hedge - Peter Schiff

Via SchiffGold.com,

We've seen a significant rotation out of the overpriced, high-risk momentum stocks that enjoyed the benefit of the bubble. They are now collapsing – not because the Fed has actually tightened monetary policy, but just because it talked about it.

That's all it took to prick the mother of all bubbles. But as the air is coming out, that air is flowing into the 'value' sector of the global markets, which have been overlooked for the entirety of the move up as people were using those stocks as a source of funds, selling value dividend-paying stocks to free up the capital in order to invest in the momentum stocks."


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