That's certainly true, however these guys are batting 1.000 with their over the top doom and gloom/inflation predictions. They're setting themselves up for failure. When you try to predict that the US is going to become Zimbabwe or a BRIC currency is going to overtake the dollar, you should be ridiculed when you're wrong.
Good points. The one from 2009: http://www.tradingmarkets.com/recen..._stocks__slip_abby_stays_positive-677516.html
More of Peter Schiff making himself look foolish....... There's always some huge conspiracy behind why he's wrong, but the fact remains..... He's ALWAYS wrong... http://video.cnbc.com/gallery/?video=3000339041
"He said in about 2029 the US will breach Greek debt levels, according to our source." How? Is he quoted elsewhere regarding how this will happen? If he's extrapolating healthcare costs, then he's assuming no technological breakthrough or discovery that could lower or eradicate those costs altogether. The funny thing about the future is either you know it or you don't. Time is not linear in this universe.
I wish Rogers would tell us how much an instrument must tank before it is more than a correction. He acts like an trader or even an investor can just hold through the decline and wait for it all to get back on track. He is delusional.
%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%% I enjoy reading Mr Rogers[top trader/investor-----Jack Schwager Top Trader books.....]; but his inflation adjusted charts i hate them[His worthwhile read book; Hot Commodities .LOL] ''71% drawdown''; well thats better than about- 90%/+in QQQ.....[ later named QQQQ] .QQQQ peak to valley $120.12 /+drewdown to teens; now $104.44/+ So many people including Warren Buffet hate tek stocks; that can be an opportunity, not a prediction. Mr PT Jones seems to be more of a skilled fast trader; so he has to better on market turns/trend turns