Peter Schiff’s Top Three Predictions
By Barron Maestro on January 5, 2010
Peter Schiff was on CNBC with his outlook for 2010. Schiff predicts higher interest rates, higher unemployment and higher inflation. Schiff sees commodities and foreign stocks outperforming. Schiff also forecasts a weaker dollar with a possible currency crisis on the horizon.
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stock news
January 5, 2010 at 6:30 am
MARKET TODAY
Key benchmark is likely to open higher on optimism the global economic recovery is sustainable. Wall Street staged a strong rally yesterday to open the new year, with sentiment boosted by a global market rally that was helped by corporate deal-making and upbeat economic news from the US and China. Asian market also traded higher with the overnight rally on Wall Street and economic optimism lifting sentiment to a significant extent.
According to data released by the NSE, in the last session, FIIs were sellers of index futures to the tune of Rs 45.63 crore while bought index options worth Rs 229.61 crore. They were net sellers of stock futures to the tune of Rs 257.37 crore while bought stock options worth Rs 22.85 crore.
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