BROADCASTS.com

b'Recorded March 13, 2019
\\n
\\nVISIT PETER AT THE LAS VEGAS MONEY SHOW
\\nMay 13 - 15, 2019
\\nhttps://conferences.moneyshow.com/moneyshow-las-vegas/speakers/4532d84bf93311d3a5dd00104b96e7b5/peter-schiff/
\\nBig Drop in Boeing: Opportunity to buy into Dip
\\nThe Dow is continuing to rebound this week, up 148 points today - 25,702 was the close.\\xa0 In fact, the Dow would be higher if it weren\'t for an about 11% decline in Boeing so far this week. I am going to talk on this podcast about the controversy surrounding Boeing and their 737 Max 8 aircraft.\\xa0 But for now I want to talk just about the markets.\\xa0 I actually think that it was the big gap down on Monday morning, where Boeing first reacted to the news of the plane crash in Ethiopia and the Dow was down better than 200 points - all of it the big drop in Boeing. I think traders looked at that news as an opportunity to buy into the dip.\\xa0 I think you saw people rushing in at that point. That kind of marked a short term bottom in the market and now we\'re back up around the highs of this bear market correction.
\\nSmarter Money Selling into this Rally
\\nI do believe that we\'re going to be running into resistance again at this area - but that was probably an opportunity for some people, they saw that dip and they rushed in and they bought other stocks.\\xa0 Typically there\'s some kind of news event that would coincide with some type of inflection point in the market.\\xa0 I don\'t think it\'s a significant low; I just think it is a low in an ongoing process, this bear market rally, this correction in the bear market is not ending quickly, but I do believe it is ending. I think the smarter money is selling into this rally.
\\nRetail Sales: December was not a Fluke
\\nThe economic news - a couple of items that came out this week were a little better than estimated.\\xa0 But look at the Retail Sales number that came out on Monday. That one, to me, still confirms that the numbers that we got in December were not a fluke.\\xa0 A lot of people initially dismissed the weak number in December.\\xa0 The initial report for December Retail Sales was -1.2. They were looking for a rebound in January and the got one. They were only looking for a rebound of .1 and they got a rebound of .2. They actually revised the prior month that was originally reported as down 1.2, that moved to down 1.6. So an even bigger decline December than was originally reported.\\xa0 Remember, this is a 10-year low.\\n\\nOur Sponsors:\\n* Check out Rosetta Stone and use my code TODAY for a great deal: https://www.rosettastone.com/ \\n\\nPrivacy & Opt-Out: https://redcircle.com/privacy'