14 September, 2009

"Its Not The Type Of Bull Market That I Like"

"Obviously its a rally and when I look at the performance of individual stocks, I see a lot of breakout moves with big volume on the upside from bases that were formed over the last 6 to 9 months, so that I have to respect.

We have a rally, we have rising asset markets but its not the type of bull market that I liked, that is based on fundamentals." in Bloomberg

Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world. Dr. Doom also trades currencies and commodity futures like Gold and Oil.