- 80 points from head and shoulders neckline, a close below could spell a bigger decline
- Catalyst for weakness was jobs data, lost 470,000 jobs, higher than expected
- Gov bailouts are interfering with the correction process that will ultimately lead to hiring
- Days of dollar rallying off of bad economic news will soon come to an end
- India calling for alternative, in addition to Russia and China is negative for Dollar
- **But read this: Reuters: China says dollar to remain leading world currency (7/5/09)
- Schiff Expects economy to weaken further, unemployment rise
Other videos featuring Peter Schiff:
Peter Schiff on Jon Stewart, Yes He Was Right 6/10/09
Peter Schiff Expects a New Low in Nominal Terms (4/10/09)
Peter Schiff Says Beware of Inflation, US Dollar (3/22/09)
Schiff: Dow Hits New Low Priced in Gold, TIPS Understate Inflation (2/12/09)
Peter Schiff Compares U.S Economic Crisis to Collapse of U.S.S.R. (1/10/09)
Peter Schiff, Rick Santelli Talk Gold and US Dollar Recycling (10/23/08)
PETER SCHIFF vs. WHARTON PROF JEREMY SIEGEL (10/21/08)
