* Near 300 point drop in the Dow
* NASDAQ down 118
* S&P down 30 points
* $1.50 gain in oil and oil stocks up
* No significant economic news that would trigger this move
* Dollar was not down much lower on day
* The 110 level is holding back the euro
* Expectations that the euro will roll over on higher U.S. interest rates kept the dollar up
* A weak stock market is bad for the dollar and good for gold because the Fed is likely to not raise interest rates or launch QE4
* The only way the Fed can prevent a correction from turning into a bear market is by launching QE4
* The Fed has built this "recovery" on asset bubbles
* Launching QE3 guarantees QE4
* The only thing that will stop perpetual stimulus is a currency crisis
* Durable Goods Orders were estimated at .7% gain
* Actual number came in at a 1.4% decline
* Five consecutive monthly declines in Durable Goods X Transportation
* The last time that happened was during the months surrounding the 2008 financial crisis
* The U.S. economy today is the weakest it has been since the depth of the 2008 financial crisis
* The final revisions to Q4 GDP due on Friday are estimated to go down
* There's a good chance the number will be lower than 2%
* Pundits are making excuses, saying that the "First quarter
s always weak" or "It's the weather"
* They don't want to come to terms with realityOur Sponsors:* Check out Aeropress and use my code GOLD for a great deal: https://aeropress.com* Check out Boll & Branch: https://boilandbranch.com/SCHIFF* Check out Boll & Branch: https://boilandbranch.com/SCHIFF* Check out Infinite Epigenetics: https://infiniteepigenetics.com/GOLD* Check out Justin Wine and use my code SCHIFF20 for a great deal: https://www.justinwine.comPrivacy & Opt-Out: https://redcircle.com/privacy

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