Government spending will spur gains in the Standard & Poor’s 500 Index after it fell 56 percent from an October 2007 record. Equities could rally between here and the end of April. The government’s efforts will fail to boost economic activity. They can boost stocks. Stocks have adjusted meaningfully.
Transcript of a Bloomberg Interview, March 09, 2009
(Faber added also that although the S&P 500 may drop 27 percent to below 500 before the bear market ends, investors will make money over the next 10 years.)
