26 September, 2009

One Year From Now Where Will The S&P 500 Be?

"We have to ask Mr. Bernanke. But I think one year from now the S&P will have travelled through a lot of volatility. Maybe we will go up first to 1,250 and then down again to 800. Maybe we will go down to 800 and then to 1,250 or whatever it is. There are two schools, some economists say that the economic recovery will be very strong. I think that will be negative for stocks. I think that the best for stocks is a very weak economy because there will be more money printing."

in Bloomberg.com

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.