I recently posted a video of of Mr. Schiff on CNBC to demonstrate a point about the Obama Administrations economic polices. Intrigued by the simple, logical fundamentals of his arguments, I decided to do some more research on Peter himself. What I found was very fascinating.
Just a quick update on our virtual portfolio. The Money Flow Index on the SPY is starting to turn over a little bit, which is usually an indicator of a counter trend rally. Therefore I decided to take some of the profits we have already made.
For those of you looking to get long this market, take a look at Netflix. Since announcing a contract with Microsoft Xbox 360 in November, Netflix has managed to buck the market trend flying from around $20 per share, to $38 per share.
