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American economist says ‘U.S. stocks are in a historic bear market'
Finbold·2025-09-23 22:58

Despite U.S. stocks hitting new highs, American economist Peter Schiff has suggested that equities remain in a historic bear market when measured against gold.According to Schiff, the Dow Jones Industrial Average, priced in gold, has fallen more than 24% in 2025, extending to about 33% since the end of 2023 and nearly 70% from levels seen in 2000, he said in an  X post on September 23.U.S. stocks are in a historic bear market that is far from over. Priced in gold (real money), the Dow Jones is down over 24% ...