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Posted on 2009-02-09, by Tom
We might all beat our selves on the head for not predicting the 2008-2009 (2010?) financial crises earlier, but there were some people who did so in time. Take a look at this 10 minute YouTube video. Featuring clips from 2006 and 2007, Peter Schiff's expert colleagues literally laugh in his face when he says the housing market bubble is going to burst and financial stocks will plummet.
For anyone familiar with but not impressed by Ben Stein's Expelled movie might be amused to hear him say the price of the financial stocks in (autumn?) 2007 are so low that they are basically for free and if they were any lower they should be given away in cereal boxes... Worst recommendation might be the strong buy for MER at $76.

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