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(former)FormerSanDiegan.
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August 14, 2007 at 2:25 PM #75257August 14, 2007 at 3:32 PM #75173
(former)FormerSanDiegan
Participantit looks like he isn’t getting bashed by the perma bulls as much, now that his predictions are coming true.
Yes, it is now the perma-bears’ turn in the spotlight.
August 14, 2007 at 3:32 PM #75291Participantit looks like he isn’t getting bashed by the perma bulls as much, now that his predictions are coming true.
Yes, it is now the perma-bears’ turn in the spotlight.
August 14, 2007 at 3:32 PM #75294Participantit looks like he isn’t getting bashed by the perma bulls as much, now that his predictions are coming true.
Yes, it is now the perma-bears’ turn in the spotlight.
August 14, 2007 at 4:00 PM #75179ParticipantMy Favorite Peter Schiff Quote:
From December 26, 2002 …
Q. So what advice do you have for 2003?Schiff: I recommend investors have no exposure to U.S. stocks or bonds. I think people should have money in liquid, safe assets denominated in Swiss francs, euros, New Zealand dollars, Australian dollars, or Singapore dollars. As far as homes go, I tell people to sell if they can. If they can’t, I recommend anyone who has an adjustable-rate mortgage to get a fixed-rate mortgage fast.
The S&P 500 closed at 889 that day.
There was another 50-100% increase in home prices in places San Diego.But at least he was right about mortgage rates.
August 14, 2007 at 4:00 PM #75298ParticipantMy Favorite Peter Schiff Quote:
From December 26, 2002 …
Q. So what advice do you have for 2003?Schiff: I recommend investors have no exposure to U.S. stocks or bonds. I think people should have money in liquid, safe assets denominated in Swiss francs, euros, New Zealand dollars, Australian dollars, or Singapore dollars. As far as homes go, I tell people to sell if they can. If they can’t, I recommend anyone who has an adjustable-rate mortgage to get a fixed-rate mortgage fast.
The S&P 500 closed at 889 that day.
There was another 50-100% increase in home prices in places San Diego.But at least he was right about mortgage rates.
August 14, 2007 at 4:00 PM #75300ParticipantMy Favorite Peter Schiff Quote:
From December 26, 2002 …
Q. So what advice do you have for 2003?Schiff: I recommend investors have no exposure to U.S. stocks or bonds. I think people should have money in liquid, safe assets denominated in Swiss francs, euros, New Zealand dollars, Australian dollars, or Singapore dollars. As far as homes go, I tell people to sell if they can. If they can’t, I recommend anyone who has an adjustable-rate mortgage to get a fixed-rate mortgage fast.
The S&P 500 closed at 889 that day.
There was another 50-100% increase in home prices in places San Diego.But at least he was right about mortgage rates.
August 14, 2007 at 4:29 PM #75219hipmatt
Participanttrue, but housing went ridiculously high(in 2003 I too thought it was insane) and you would have done better than the s&p 500 if you had stayed in foreign stocks and avoided the usd.
August 14, 2007 at 4:29 PM #75337Participanttrue, but housing went ridiculously high(in 2003 I too thought it was insane) and you would have done better than the s&p 500 if you had stayed in foreign stocks and avoided the usd.
August 14, 2007 at 4:29 PM #75340Participanttrue, but housing went ridiculously high(in 2003 I too thought it was insane) and you would have done better than the s&p 500 if you had stayed in foreign stocks and avoided the usd.
August 14, 2007 at 4:58 PM #75238Participanthipmatt – He did not recommend foreign stocks. He recommended liquid (e.g. money market or short-term bond ) foreign holdings. Not stocks.
but housing went ridiculously high(in 2003 I too thought it was insane)
I think the rise in the Euro is ridiculously insane.
August 14, 2007 at 4:58 PM #75355Participanthipmatt – He did not recommend foreign stocks. He recommended liquid (e.g. money market or short-term bond ) foreign holdings. Not stocks.
but housing went ridiculously high(in 2003 I too thought it was insane)
I think the rise in the Euro is ridiculously insane.
August 14, 2007 at 4:58 PM #75359Participanthipmatt – He did not recommend foreign stocks. He recommended liquid (e.g. money market or short-term bond ) foreign holdings. Not stocks.
but housing went ridiculously high(in 2003 I too thought it was insane)
I think the rise in the Euro is ridiculously insane.
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