“You have to give credit to [Ben] Bernanke and [Alan] Greenspan. They have achieved something no central bankers have achieved in history. They created a bubble in everything…The only asset that went down from 2002 to 2007 was the U.S. dollar.”
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.
30 September, 2009
“You Can’t Find Anyone More Negative About The World Than I Am.”
“You can’t find anyone more negative about the world than I am.” in CLSA Asia Pacific Markets investor conference in Hong Kong
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.
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.
Stocks Could Be Under Pressure For The Rest Of The Year
"Stocks including those in Asia could be under pressure for the rest of this year, falling perhaps as much as 20% as the U.S. dollar rallies amid resurgent fears of deflation fears, Faber was cited as saying by Bloomberg News in an interview Friday.
Longer term, though, he thinks high-quality stocks are one of the places for investors to take refuge from the affects of currency debasement and what he says is the inevitable inflation that will result from central bank's money printing."
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.
Longer term, though, he thinks high-quality stocks are one of the places for investors to take refuge from the affects of currency debasement and what he says is the inevitable inflation that will result from central bank's money printing."
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.
29 September, 2009
Vietnam Growth Prospects
The country has among “the most attractive” growth prospects in Asia over the “long run,” said Marc Faber, publisher of the Gloom, Boom & Doom Report, in an interview last week.
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.
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.
28 September, 2009
Stocks May Have Peaked
Stocks may have already peaked for this year and might drop 20 percent amid renewed deflation fears, said Marc Faber, the publisher of the Gloom, Boom & Doom report.
The dollar is likely to rebound from an “oversold” position, which will be negative for equities, Faber said in an interview with Bloomberg Television on the sidelines of CLSA’s annual investor conference in Hong Kong.
“I wouldn’t be surprised if we had seen the peak of the market for this year because the economic news isn’t going to improve very much,” Faber, 63, said. “The correction in the market has been overdue for quite some time.
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.
The dollar is likely to rebound from an “oversold” position, which will be negative for equities, Faber said in an interview with Bloomberg Television on the sidelines of CLSA’s annual investor conference in Hong Kong.
“I wouldn’t be surprised if we had seen the peak of the market for this year because the economic news isn’t going to improve very much,” Faber, 63, said. “The correction in the market has been overdue for quite some time.
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.
27 September, 2009
"The Future Will Be a Total Disaster"
In this month's issue of The Gloom, Boom & Doom Report, Marc Faber issued one of the gloomiest, most depressing takes on the financial crisis and its impact. Faber said that the future, "will be a total disaster, with a collapse of our capitalistic system as we know it today, wars, massive government debt defaults and the impoverishment of large segments of Western society."
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.
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.
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.
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.
25 September, 2009
Bloomberg Video Interview, September 25
Bloomberg Video Interview, September 25
“I wouldn’t be surprised if we’d seen the peak of the market for this year because the economic news isn’t going to improve very much. The correction in the market has been overdue for quite some time.”
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.
“I wouldn’t be surprised if we’d seen the peak of the market for this year because the economic news isn’t going to improve very much. The correction in the market has been overdue for quite some time.”
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.
Gold Price Outlook
“We probably had a false breakout on the upside. I wouldn’t be surprised to see a little bit more of a correction down to maybe $920 per ounce.”
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.
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.
"Stocks May Have Peaked For 2009"
Stocks may have already peaked for this year and might drop 20 percent amid renewed deflation fears, said Marc Faber, the publisher of the Gloom, Boom & Doom report.
The dollar is likely to rebound from an “oversold” position, which will be negative for equities, Faber said in an interview with Bloomberg Television on the sidelines of CLSA Ltd.’s annual investor conference in Hong Kong.
“I wouldn’t be surprised if we’d seen the peak of the market for this year because the economic news isn’t going to improve very much,” Faber, 63, said. “The correction in the market has been overdue for quite some time.”
in Bloomberg.com, September 25
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.
The dollar is likely to rebound from an “oversold” position, which will be negative for equities, Faber said in an interview with Bloomberg Television on the sidelines of CLSA Ltd.’s annual investor conference in Hong Kong.
“I wouldn’t be surprised if we’d seen the peak of the market for this year because the economic news isn’t going to improve very much,” Faber, 63, said. “The correction in the market has been overdue for quite some time.”
in Bloomberg.com, September 25
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.
The G 20 Meeting Is A Waste Of Time
The G20 is a “complete and total waste of time” and the new regulations will be even worse than the old ones, Marc Faber, editor & publisher of The Gloom, Boom & Doom Report told CNBC.
VIDEO (use Internet Explorer to watch this video)
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.
VIDEO (use Internet Explorer to watch this video)
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.
CNBC Video Interview: US Dollar Weakness And Inflation
Marc Faber talks about US Dollar and inflation on CNBC.
The weak dollar signals inflationary pressures in the US economy, Marc Faber, editor & publisher of The Gloom, Boom & Doom Report, told CNBC Friday
September 25, 2009
(Use Internet Explorer to watch this video)
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.
The weak dollar signals inflationary pressures in the US economy, Marc Faber, editor & publisher of The Gloom, Boom & Doom Report, told CNBC Friday
September 25, 2009
(Use Internet Explorer to watch this video)
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.
23 September, 2009
Stock Picks In The US Stock Market
In the near term, Marc Faber sees plenty of money-making opportunities in stocks. Sure, prices aren't as cheap as they were in March, yet he's confident, "in this envionrment cash will become worthless." As a result, he says investors are, "better off being in equities," for the next two to three years.
Faber is most bullish on mining and energy companies. He recommends:
Newmont Mining and FreeportMcMoran as relative inexpensive. He also mentions Nova Gold, as another, more speculative buy.
In a contrarian call, on natural gas, he says Cheasepake Energy will be a winner when prices eventually rebound. Oil giant ExxonMobil is another stock he thinks offer good value. Outside of that, Faber says buying large-cap pharmaceuticals like Pfizer and Johnson & Johnson offer good defensive options.
Finally, he suggests U.S. airlines are poised for a rebound. If that happens, international airlines will follow and Thai Airways stock could double.
in Yahoo Finance
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.
Faber is most bullish on mining and energy companies. He recommends:
Newmont Mining and FreeportMcMoran as relative inexpensive. He also mentions Nova Gold, as another, more speculative buy.
In a contrarian call, on natural gas, he says Cheasepake Energy will be a winner when prices eventually rebound. Oil giant ExxonMobil is another stock he thinks offer good value. Outside of that, Faber says buying large-cap pharmaceuticals like Pfizer and Johnson & Johnson offer good defensive options.
Finally, he suggests U.S. airlines are poised for a rebound. If that happens, international airlines will follow and Thai Airways stock could double.
in Yahoo Finance
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.
Debt Comes At The Expense Of A Falling Dollar And Inflation
More debt "comes at the expense of a falling dollar...and much higher inflation rates in the future," says Faber, who notes the U.S. has total debt-to-GDP ratio of 375%, "excluding contingent liabilities from Medicare and Medicaid."
Perhaps more important than absolute debt levels, Faber says much of America's debt has gone to pay for unproductive things like golf courses and big houses and investments with Bernie Madoff.
Meanwhile, emerging market economies, in Asia particularly, have much lower debt levels and have used leverage to pay for modernization of factories and educated workers when they've used debt, Faber says.
"The Western world is overleveraged," he says. "We've mortgaged the future and our children will have to pay for that somehow."
in Yahoo Finance
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.
Perhaps more important than absolute debt levels, Faber says much of America's debt has gone to pay for unproductive things like golf courses and big houses and investments with Bernie Madoff.
Meanwhile, emerging market economies, in Asia particularly, have much lower debt levels and have used leverage to pay for modernization of factories and educated workers when they've used debt, Faber says.
"The Western world is overleveraged," he says. "We've mortgaged the future and our children will have to pay for that somehow."
in Yahoo Finance
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.
"The Future Will Be A Total Disaster"
"The future will be a total disaster, with a collapse of our capitalistic system as we know it today, wars, massive government debt defaults and the impoverishment of large segments of Western society," Marc Faber, The Gloom, Boom & Doom Report, September 2009
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.
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.
Tech Ticker Interview, September 23
Latest Marc Faber video interview, TechTicker, Yahoo Finance.
Marc Faber talks about the dollar correlation to equities, real estate and other assets.
"Pfizer (PFE), Johnson and Johnson (JNJ) are not terribly expensive"
"In the gold mining sector you can buy the established companies like Newmont Mining (NEM) and Freeport McMoran (FCX)"
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.
Marc Faber talks about the dollar correlation to equities, real estate and other assets.
"Pfizer (PFE), Johnson and Johnson (JNJ) are not terribly expensive"
"In the gold mining sector you can buy the established companies like Newmont Mining (NEM) and Freeport McMoran (FCX)"
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.
22 September, 2009
"Assets Are Fairly Priced, At Best"
Marc Faber, editor of the Gloom, Boom, and Doom Report, stated in a web cast on Yahoo! Finance he thought Equities, Commodities, and Real Estate are the only options for new capital even though they are not particularly attractive.
Faber thinks these assets, although only fairly priced at best, will increase in nominal value as inflation takes hold. He feels leaving capital in cash, money markets, or even worse, US treasuries, is not an option over the longer term. The US dollar will eventually be worth only a small fraction of what it is now over the next ten years. Because of this owning equities and hard assets will help hedge against hyper inflation, although on an inflation adjusted basis Faber sees little upside for any asset class.
in Benzinga.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.
Faber thinks these assets, although only fairly priced at best, will increase in nominal value as inflation takes hold. He feels leaving capital in cash, money markets, or even worse, US treasuries, is not an option over the longer term. The US dollar will eventually be worth only a small fraction of what it is now over the next ten years. Because of this owning equities and hard assets will help hedge against hyper inflation, although on an inflation adjusted basis Faber sees little upside for any asset class.
in Benzinga.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.
20 September, 2009
"The System Forces You To Speculate"
"We have zero interest rates and say, you have a million dollars in deposits that don`t get you any interest. So the system, the central bank, essentially forces you to do something to achieve some kind of return. So you take the million dollars and either you buy equities or you buy commodities or you buy bonds or foreign currencies. But you have to do something and that leads to a lot of volatility in financial markets."
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.
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.
17 September, 2009
"Aim At Not Making Any Mistakes"
“If you play tennis, the average player should aim at not making any mistakes, and for investors it’s the same”
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.
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.
15 September, 2009
"You Can Boost Any Kind Of Asset By Printing Money"
"You can boost any kind of asset by printing money. What then happens, you can print money whether physically with a printing press or electronically, what you don`t really control are the long term consequences of the money printing.
In other words, the money then flows into the system and it can go into commodities, or into equities, or it can go into art prices, it can go into wages or into comsuption. And when we have large excess capacity and you have very high unemployment it doesn`t go into capital spending, into the construction of new factories, into the acquisition of equipment and machinery or R&D. It goes mostly into speculation" in Bloomberg, September 14
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.
In other words, the money then flows into the system and it can go into commodities, or into equities, or it can go into art prices, it can go into wages or into comsuption. And when we have large excess capacity and you have very high unemployment it doesn`t go into capital spending, into the construction of new factories, into the acquisition of equipment and machinery or R&D. It goes mostly into speculation" in Bloomberg, September 14
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.
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.
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.
13 September, 2009
Bloomberg Interview With Pimm Fox: 31 Minutes
Sept. 10 (Bloomberg) -- Marc Faber, publisher of the Gloom, Boom and Doom Report, talks with Bloomberg's Pimm Fox about the global economy, equities and currency markets, and Federal Reserve monetary policy.
Video 1
Video 2
Video 3
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.
Video 1
Video 2
Video 3
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.
Goldseek Radio Interview - September
Latest Marc Faber radio interview on Gold Seek, September 12, 2009.
Video 1
Video 2
Video 3
Topics: natural gas, gold, gold prices, real estate, equities, commodities, military expenditures, interest rates, us dollar
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.
Video 1
Video 2
Video 3
Topics: natural gas, gold, gold prices, real estate, equities, commodities, military expenditures, interest rates, us dollar
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.
11 September, 2009
A Weak Dollar Is Good For Asset Prices
“If the dollar is weak, there is a very good chance that equity prices could rise quite substantially. A weaker dollar is “good for asset prices.” 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.
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.
10 September, 2009
Global Economic Growth Won’t Recover To Pre-Recession Levels
“I don’t think consumption will come back. I don’t think there is much of a recovery. You have to differentiate between the stock market and economy activity.”
in Bloomberg.com, September 9
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.
in Bloomberg.com, September 9
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.
09 September, 2009
The Dollar Will Continue To Implode Against Commodities
“The dollar will continue to implode against commodities. I don’t see why someone would hold dollars and not own gold. More and more people will come to the realization that they have to own some resources, some commodities, some mining companies and some physical precious metals.” 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.
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.
Faber On Bloomberg: Interest Rates, US Dollar, Stocks And Commodities
Investor Marc Faber said government spending and low interest rates will keep the U.S. deficit “very high” and will spur inflation. Interest rates will be kept “artificially low” and remain “near zero for a long time” in the U.S., Faber, the publisher of the Gloom, Boom & Doom report, said today in a presentation broadcast on the Internet. “The deficit will stay very high and that will create some kind of more inflation down the road.”
The Federal Reserve is likely to continue to “print money” in an effort to boost the U.S. economy, and that, combined with low interest rates, will spur weakness in the dollar, Faber said. U.S. President Barack Obama has pumped up the nation’s marketable debt to an unprecedented $6.94 trillion as he borrows to spur the world’s largest economy.
“Money printing will be unprecedented because the deficit will need to be financed,” Faber said. “The weaker the economy, the more the stock market will go up because the money that is being printed will go into” speculative assets.
“If the dollar is weak, there is a very good chance that equity prices could rise quite substantially,” Faber said. A weaker dollar is “good for asset prices.”
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.
The Federal Reserve is likely to continue to “print money” in an effort to boost the U.S. economy, and that, combined with low interest rates, will spur weakness in the dollar, Faber said. U.S. President Barack Obama has pumped up the nation’s marketable debt to an unprecedented $6.94 trillion as he borrows to spur the world’s largest economy.
“Money printing will be unprecedented because the deficit will need to be financed,” Faber said. “The weaker the economy, the more the stock market will go up because the money that is being printed will go into” speculative assets.
“If the dollar is weak, there is a very good chance that equity prices could rise quite substantially,” Faber said. A weaker dollar is “good for asset prices.”
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.
08 September, 2009
Inflation Or Deflation?
“Surely, it is academically interesting to discuss for hours whether we are in a ‘deflationary’ or ‘inflationary’ economic environment.
The different views on this issue have become extremely polarized with the deflationists maintaining that equities and commodities will collapse and that government bonds will rally. The believers in higher future inflation rates on the other hand argue that large fiscal deficits and expansionary monetary policies will boost selected asset prices and eventually flow into rising consumer prices and lead to higher interest rates.
But, as I have tried to show by comparing oil with natural gas prices, in an economic system some prices may be rising, while others decline. This process is continuous and particularly evident in the price movements of various asset classes when there are massive excess capacities, which constrain new capital investments, and zero interest rates, which force cash holders to ‘speculate’ in one, or the other, asset class.”
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.
The different views on this issue have become extremely polarized with the deflationists maintaining that equities and commodities will collapse and that government bonds will rally. The believers in higher future inflation rates on the other hand argue that large fiscal deficits and expansionary monetary policies will boost selected asset prices and eventually flow into rising consumer prices and lead to higher interest rates.
But, as I have tried to show by comparing oil with natural gas prices, in an economic system some prices may be rising, while others decline. This process is continuous and particularly evident in the price movements of various asset classes when there are massive excess capacities, which constrain new capital investments, and zero interest rates, which force cash holders to ‘speculate’ in one, or the other, asset class.”
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.
07 September, 2009
We Have Extreme Optimism Among Investors And Economists About The Outlook For The Economy And The Stock Market
We had a tremendous rally for the March lows to around June 15 and after that equity markets have continued to go up but at much lower rates. In other words, between March and June 15 in the United States we went up 43% and since then we are up 7%. The rate of increase has diminished. At the same time, the US Dollar which was very weak between the end of February and June of this year has traded in a very narow range against the euro. Sine June we are flat against the euro despite of the fact that there has been lots of negative comments against the US Dollar.
Now, we have extreme optimism among investors and economists about the outlook for the economy and the stock market and extreme pessimism about the US Dollar. And therefore its possible that in the next 2 weeks or 3 months its possible that equities will disappoint.
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.
Now, we have extreme optimism among investors and economists about the outlook for the economy and the stock market and extreme pessimism about the US Dollar. And therefore its possible that in the next 2 weeks or 3 months its possible that equities will disappoint.
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.
04 September, 2009
"I Believe That In The Next 2 Weeks We Will Have Big Moves In The Markets"
We should not look only at indexes because a lot of stocks now are lower then they were in May, like the oil stocks, resource stocks are down from the peak in May/June of this year.
So, some correction has been under way already and also in global markets we had corrections like in China where the index is down almost 20% from the peak and isn`t higher then in June.
So after this run up in stock prices we had between March and June, since then the market has continued to go up, but the big move was between March and June.
I would also like to point out that the Euro currency has been trading in a narrow range against the US dollar, since June we are at the same level around 1.4300. And I believe that in the next 10 days, 2 weeks, we will have big moves in the markets and I wouldn`t be surprised if the dollar strengthned and equity markets would correct and possibly quite meaningfully. in NDTV video interview
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.
So, some correction has been under way already and also in global markets we had corrections like in China where the index is down almost 20% from the peak and isn`t higher then in June.
So after this run up in stock prices we had between March and June, since then the market has continued to go up, but the big move was between March and June.
I would also like to point out that the Euro currency has been trading in a narrow range against the US dollar, since June we are at the same level around 1.4300. And I believe that in the next 10 days, 2 weeks, we will have big moves in the markets and I wouldn`t be surprised if the dollar strengthned and equity markets would correct and possibly quite meaningfully. in NDTV video interview
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.
03 September, 2009
NDTV Interview: Stock Market Outlook, Commodities, China And India
Latest Marc Faber video interview on NDTV. Live from Bangkok, Thailand.
Topics: Stock market outlook, commodities, us dollar, India and China stock markets;
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.
Topics: Stock market outlook, commodities, us dollar, India and China stock markets;
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.
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