30 July, 2010

If The Dow Jones Where To Fall By More Than 20 percent, There Would Be Further Massive Fiscal And Monetary Stimulus

"It is likely that if the Dow where to fall by more than 20 percent from the present level there would be further massive fiscal and monetary stimulus packages – not just in the US but worldwide.

These economic policy measures would likely fail to boost economic activity in the US but could support asset markets."

in CNBC

Related ETFs: SPDR S&P 500 ETF (NYSE:SPY), ProShares UltraShort S&P500 (ETF) (NYSE:SDS), ProShares UltraShort QQQ (ETF) (NYSE:QID), PowerShares QQQ Trust, Series 1 (ETF) (NASDAQ:QQQQ), SPDR Dow Jones Industrial Average ETF (NYSE:DIA)

Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.