fox business's tracy byrnes, chris gersch, portfolio manager and peter schiff, europacific capital founder pull up a quote from, where is my quote. oh, peter boockvar. we watch him all the time. we read his reports. peter boockvar said how cot fed with straight face keep rates at zero in face of very strong jobs report, tracy, a build of 321,000? are they now squished into a box because of weakness in europe and china? >> i think one month does not a trend make. that will be their case with this. and i don't think they're still going to do anything. i agree with peter. i think it is high time. we talked before, i think interest rates should be higher. that would spur the housing market but i still don't think the fed is going to move. liz: peter schiff, does janet yellen have to play contortionist, we actually ordered contortionist video to show what it really means stuck into a box. this is kind of amazing. this is amazing. look away. >> that hurts. liz: but there is weakness globally. yet what appears to be strength here. what do you say? >> liz, the fed has been in a box for a long time

peter schiff thinks so, he joins us now. peter, overall, i understand there are risks with the economy and the oil patch, et cetera, don't the benefits of cheaper oil outweigh the negatives? >> long-term of course, it's always a good thing, contrary to what the central bankers and the economists are telling us, it's always a good thing when consumer prices fall. if janet yellen acknowledged the benefit of lower gas prices, the same thing applies to all prices. here's the problem, david, if it turns out that we had a bubble in the energy sector. if the fed really does raise interest rates, and i don't think they're going to, but if they do, and the oil price stays at these levels or goes lower, previous guest mentioned maybe $40. all of the oil activity in the oil sector is going to turn out to be a bubble, and the layoffs that we get in the short run, and the credit losses and capex spending declines will be significant enough in the short run to push the u.s. economy back into recession. i think it's a bigger impact than the

how many times did peter schiff vote? meantime, qualcomm is trading higher. the chinese government announcing it's close to settling an antitrust investigation of the chip marek. >> this stock o to me with the capitulation was back in early november when it traded huge volume, traded below seven. we talked about it. it tested 70 again and has bounce. now, i think the stock is headed back to 80 bucks. the end of january, i'm not sure about the quarter, but given this benign take, this is stock that rallies into this quarter. >> the cameramaker adding to its big holiday season rally is now up nearly 30%. gopro supplier having a strong day as well. up more than 7%. >> gopro was down 70% from september, october area. we sort of knew this was coming. it's a popular thing. kids want it the same way they wanted an iphone in the past. best buy sells it so i'd rather be a seller, buy or best buy. >> i'd rather by gopro than best buy. this is a single product. an easy bet to make. it's bounced off support. you might get a little pullback, but if you can get it again, a

we're speaking to peter schiff. 1:00 p.m. >> thanks god nations is a trader and not a comedian. that's all i'm saying jackie. we'll see you in a little bit. you guys were thinking the same thing. >> you said it though. >> love you scott. i'm your boy. >> trader blitz. sun power first up. >> they come from equal way to overweight. target at 35 and the analyst is basically saying it is a 5050 shot company does a yieldco. which was really successful at sun edison for the share price. >> ford down graded yesterday and now gm today. >> he did have the downgrade dropped the target down into the mid 30s. i actually think it's almost time to look at gm again. the analysts don't all seem to be turning at the same time. i see the growth going forward. i think 2015 is going to be strong. >> boeing flying higher today. >> and a 25% dividend increase was the surprise. higher than expected. this stock typically trades on the cash and what they do with the cash. very good news. aerospace cycle is still alive in my mind. and you want to pick at this not only because the environment is strong bu

another way we are doing for kids a little older -- anyone know your shift -- peter schiff?her wrote a book, and we are adapting that for classroom use with a series of short films conveying simple messages like, what causes inflation, what wrecks your economy, all these things. we love these. >> this questioner wants to do a little role-playing. i'm talking to my neighbor about he tellsmmigration and me a story about the port 22-year-old working at the grocery store, who is illegal. now what? what story are you going to tell him? for me personally, immigration isn't one of the issues that gets me as fired up as other ones. one would not be the best -- i would not be the best one to convey a response. can pull upy you whatever you view as the most powerful ramifications of illegal immigration, which is much bigger for you guys. in florida, the most illegal immigration we get is some cubans coming over. it is hard not to support that. the way i view immigration is far different than you in california. use whateverurely, characters you can use to show the negative ramification

if you want to know how destructive that is, ask peter schiff. you have to own equities long-term. don't gamble, forecast and predict in the short run. got to own equities 20 or 30 years. market timing increases risk, not decreases it. if you're betting against the market -- liz: what are you picking now? >> i gave you some examples of papa john's and krispy kreme. david: red robin. >> yeah, i gave you, it is a little taste of some i micro cap stocks we own in the portfolio. we own them because they're not great companies individually but they're examples of small u.s. companies, based on research by you mean fama who run the nobel prize. small company stocks have 3 to 4% higher expected return than growth stocks. david: you're afraiding -- avoiding hedge funds, why? >> hedge funds are loser's bet. if you look at last year they're only up one, one 1/2%. if you go back to 2007, looking at hedge funds as a category, they're up less than 1%. i mean it is devastating. also stay away from gold. don't speculate with. that you have got to stay away from long bonds. huge risk in that right