{"id":31337,"date":"2018-02-21T08:41:54","date_gmt":"2018-02-21T13:41:54","guid":{"rendered":"http:\/\/olduvai.ca\/?p=31337"},"modified":"2018-02-21T08:41:54","modified_gmt":"2018-02-21T13:41:54","slug":"peter-schiff-were-ripe-for-a-1987-style-crash-video","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=31337","title":{"rendered":"Peter Schiff: We\u2019re Ripe for a 1987-Style Crash (Video)"},"content":{"rendered":"

Peter Schiff: We\u2019re Ripe for a 1987-Style Crash (Video)<\/a><\/h3>\n
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Stock markets have settled down after an awful couple of weeks earlier this month.\u00a0 On Feb. 5, the Dow Jones suffered its largest-ever drop in terms of points. It was down 1,600 at one point and ultimately lost 1,175.21 points, a 4.6% drop that day. At one point during that week, the Dow was off 10% in correction territory. But everything is calm now and most of the mainstream is once again feeling bullish and optimistic.<\/p>\n

Peter Schiff spoke at the\u00a0Vancouver Resource Investment Conference 2018 last month\u00a0before the market tanked<\/a>. But his message remains relevant in the aftermath of the plunge and the subsequent recovery because the dynamics in the market remain pretty much the same. Conditions are still ripe for a 1987-style market crash.<\/p>\n

Investors have not been this optimistic\u2026since 1987. They are even more optimistic than they were at the height of the technology bubble, the dot-com bubble, the new era. Of course, 1987 didn\u2019t end well, right? We had a stock market crash, and there\u2019s a lot about what\u2019s happening today that reminds me about what was happening in \u201987.\u201d<\/p><\/blockquote>\n