A December to Remember – Ep. 426

RATE AND REVIEW this podcast on Facebook. https://www.facebook.com/PeterSchiff/reviews/ Two Podcasts in One Day! For those of you who were worried that I wasn't going to be able to do a podcast today to talk about the stock market or the economy because I already did a podcast earlier this morning, well, you're wrong! Here I am, doing my second podcast of the day.  This may be an unprecedented event. I don't know if I've ever recorded 2 podcasts in the same day. Don't Miss This Morning's Podcast on the Unconstitutionality of Obamacare The reason I did the earlier podcast was because I wanted to address the topic of the Federal court in Texas striking down the ACA individual mandate and rendering the entire Affordable Care Act unconstitutional. I would encourage you to listen to that podcast if you are interested in this topic or the Constitution to listen to it in its entirety. Not a Crash, but Regular Volatility But let's talk about another big down Monday.  As I suggested when I did my podcast on Friday, I'm still thinking that there is a possibility of a Black Monday type event this year.  I said we were running out of Mondays because we only had 3 left, and now one down.  This, again was not a crash, but the Dow did close down better than 500 points.  At one point, we were down over 600.  You know, these big drops are not becoming a recurring event - they add up, right? Worst December Start Since 1980 If you look at the charts, we look extremely vulnerable to a big drop. I read that already, we're off to the worse start for a December since 1980. That was really the end of the last bear market. We had a bear market that went from 1966 to 1982, so the last time we had a December this week was at the tail end of that long-term secular bear market.Our Sponsors:* Check out Fast Growing Trees and use my code GOLD for a great deal: https://www.fast-growing-trees.com* Check out Plaud AI and use my code GOLD for a great deal: https://plaud.ai* Check out Quince and use my code quince.com/gold for a great deal: https://www.quince.com* Check out TruDiagnostic and use my code GOLD20 for a great deal: https://www.trudiagnostic.comPrivacy & Opt-Out: https://redcircle.com/privacy