I Don’t Think That Corporate Profits Will Be That Great In 2010

“With unemployment staying at a relatively high level and with the revenue side being weak, I don’t think that corporate profits will be that great in 2010.

Basically, the profits have been boosted by aggressive cost-cutting. The revenue side of corporations is weak.”

in Business 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.

Stocks Are Relatively High Compared To The Fundamentals

“This year, investors will never achieve returns as high as in 2009. Stocks are relatively high compared to the fundamentals.

Financials have already been quite weak. It’s kind of a warning sign for the market. They may weaken further, especially the banks. Also commodities-related stocks could weaken somewhat as commodity prices ease.

Usually March, April are seasonally strong months. We’ll get a rebound. In general, high-quality and large market capitalization stocks are reasonably priced considering you have zero interest-rates. As these markets go down, the high-quality, large-market-cap stocks will go down less than the smaller-cap stocks.”

in Business 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.

The Economy Has Stabilized, But Isn’t Really Expanding

“The market has become overbought. There isn’t a meaningful improvement in the economy taking place. The economy may disappoint somewhat in the next few months. The statistics that are being published are very questionable. The economy has stabilized, but isn’t really expanding.”

in Business 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.

CNBC Europe Video Interview

Latest Marc Faber video interview, CNBC Europe, January 2010

"I don`t have a very high opinion of Mr. Obama. I was very negative about Mr. Bush but I think Mr. Obama makes him look like a genius."

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.

"When I Look At The United States I Cannot Imagine How They Can Solve Their Problems"

"The worst investment managers worldwide have been the State Pension Funds in the United States. They bought everything right at the peak and basically got out of things right at the bottom. They are now facing a shortfall in unfunded liabilities of 2 trillion dollars. When I look at the United States I cannot imagine how they can solve their problems. It`s a total disaster. We are all doomed.

In that situation you are better off in equities. I am not saying that you should buy equities today. But the dollar will go down, they will have to print a lot of money."

in CNBC Europe

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.

Zero Interest Rates Impacts Annual Expenditures For Oil

"The annual expenditures for oil of the US increased. You had another 500 billion dollars tax on the consumer. That pushed the consumer down even more in his reduction of consumption."

in CNBC Europe

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.

Sovereign Debt Defaults In 5 To 10 Years

“Investors who rushed into government-guaranteed debts in 2008-2009 in the belief that AAA-rated governments would always pay the interest on their debts and repay the creditor in full upon maturity could be in for a rude awakening sometime in the next 5 to 10 years.”

in Digital Journal

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

"The price of gold is likely to hover between 950 dollars an ounce and 1050 dollars. I doubt we’ll go below 1,000.”

in CNBC Europe

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 Following Crisis Is Likely To Be In Sovereign Debt

“The following crisis is likely to be in sovereign debt, because interest payments on government debts could reach between 35% and 50% of government revenue in 10 years. In my opinion it’s beyond repair. If the US were a corporation and had proper accounting, they would be "Triple C", nobody would buy their bonds.

Having said that, in the near term I think the dollar could rally because the others are no better, the others are worse. I think that the dollar will rally now against the euro and against the pound sterling and probably against the yen.”

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.

Governments Should Not Regulate The Banks

"When someone tells me the government should regulate the banks, they shouldn't. It's a disaster. But they should have interest rates that are high, that curtail speculation."

in CNBC.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.

Everybody Will Agree That In An Economic System The Market Solves Problems Best

"I don't have a very high opinion of Mr. Obama. I was negative of Mr. Bush but I think Mr. Obama makes him look like a genius.

Basically I think everybody will agree that in an economic system the market solves problems best."

in CNBC.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.

After Every Financial Crisis There's A Sovereign Debt Crisis

After every financial crisis there's a sovereign debt crisis, Marc Faber says. Countries that borrowed too much during the boom times start struggling to pay their competitors back, and eventually some of them default.

The countries most likely to blow up this time around are the "PIIGS": Portugal, Ireland, Italy, Greece, and Spain. One or more of them, Faber says, will likely default in the next couple of years. And, that could result in the death of the Euro currency.

Longer-term, Faber says, Japan and the US are in line for the same fate.

Marc Faber says "The US crisis won't hit us this year or next year. But within five to 10 years, the United States will be forced to quietly default on its debt, most likely by printing money and destroying the value of the currency."

in www.minyanville.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.

Central Banks Role In Asset Bubles Creation

Topics: Central Banks role in asset bubles creation and volatility in asset 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.

Stock Market: We Have A Lot Of Complacency

"I think that maybe the consensus is wrong and that we may have sooner then that (midyear) a correction. We have a lot of complacency, we also have to consider we are in a year ending in zero. These years are not particularly good for stocks and number two, mid-term elections, are also not good for stocks."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 Crisis And Sovereign Debt Defaults

Digital Journal reported on Friday that Marc Faber, economic forecaster, believes the United States will go through a debt crisis within the next five to ten years and that a lot of countries, such as Portugal or Ireland, could face defaults.

in Digital Journal

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.

Too Much Bullish Sentiment In Stocks

"After participating in Barron's round-table discussion this week he has now turned bearish due to too much bullish sentiment, "Everybody was looking for further gains in stocks," he said."

He further elaborates with snippets of information such as years ending in zero and election cycle mid-term years being negative for stocks, as well as some of the leading stocks such as Google (GOOG) are acting heavy and momentum traders could pull their cash quite quickly.

in www.marketoracle.co.uk

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 China Bubble Will Not Burst Soon

“There is excessive credit in China, but the oversupply of money has been used to build the infrastructure, education, and R&D, rather than consumed. And that is the difference between China and US.

The China bubble will not burst soon. I don’t see it imminent. It is very difficult to pinpoint a day when China will implode, I don’t think it will happen right way”

in commodity online

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.

Symptom Of Inflation In The United States

"In the United States we have a symptom of inflation which is the weak dollar"

in Bloomberg TV

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.

Yahoo Tech Ticker Video Interview: January 13

"The overwhelming consensus worries Faber. He now thinks a correction in U.S. stocks could come much sooner than most predict. Momentum players who are driving the market could "pull the trigger relatively quickly," he says. He also observes that the charts of stocks favored by momentum investors, like Google (GOOG), Research In Motion (RIMM), Apple (AAPL) and Amazon (AMZN), look to be flattening out.

Overall, 2010 will not be one for the record books, as 2009 was. He’s looking at a more normal 5%-10% rate of return for global investors.

MARC FABER`s VIDEO INTERVIEW TO YAHOO FINANCE TECH TICKER

Here are Faber's views on other markets and asset classes:

Asia: "Longer term we'll have still favorable growth," he says. He thinks India and Japan both offer opportunities. In his eyes, this view gained even more credibility after they were not mentioned once during the Barron's round-table discussion.

Bonds: The bull market in Treasuries that lasted from 1980-2008 is a thing of the past. Near term: after a dismal 2009 the bond market could be in for a rebound. Longer term: look for exit opportunities in Treasuries.

Gold: Still a long-term buy.

Oil: Prices in the $80s make sense since the marginal cost to find a barrel is about $70. Longer term he expects prices to continue rising as demand increases from the developing world.

Agricultural commodities: In the short term, Faber's favorite commodity is wheat. He advises against buying the wheat ETFs because they're relatively expensive. Instead, play it through farm land or potash companies, he says."

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 Yahoo Finance

US Stock Market Outlook

"Yesterday I was at a roundtable with so called enlightened people and all of them were relatively bullish and they all believed that the markets will continue to risethrough March or June and then have a correction, but ending the year higher or at least at the same level.

I think this complacency and unanimous belief that we can still go higher now may lead right now to a more meaningful correction and then later in the year maybe we can have a rally but not to new highs. And overall we can close the year lower than we are today."


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.

Bloomberg Video Interview: January, 12 (Full)

Marc Faber, publisher of the Gloom, Boom & Doom Report, talks with Bloomberg's Carol Massar and Matt Miller about the outlook for the U.S. stock market.

Faber also discusses U.S. purchasing power and investment strategy for commodities.

Video Interview Topics:

00:00 2010 stock outlook; bonds, government debt
01:54 Asset bubbles; financial industry, Fed policy
04:37 U.S. purchasing power and dollar
06:22 Strategy for commodities, gold
07:24 "Some weakness is emerging" for stocks.
08:51 Stock pick: Thai Beverage Pcl

BLOOMBERG VIDEO INTERVIEW LINK

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.

Bloomberg Video Interview: January, 12

Marc Faber, publisher of the Gloom, Boom & Doom Report, talks with Bloomberg's Carol Massar about the outlook for the stock market.

LINK: BLOOMBERG 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.

"The Most Attractive Play Right Now Could Be Japanese Stocks"

"Even Dr Marc Faber of the Gloom, Boom and Doom Report, a long-time fan of emerging market equities, notes that he is "disturbed by the near unanimous consensus that emerging markets will continue to outperform the US stock market." For those looking East, suggests Faber, the most attractive play right now could be Japanese stocks, an asset class which MoneyWeek has been keen on for a long time. "The big surprise for 2010 could be weakness in the yen and Japanese government bonds, and strength in Japanese equities.""

in MoneyWeek.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.

The Advance From The March Lows Has Exceeded Most First Phase Market Advances

"Ahead of, and just at the beginning of an economic recovery stock markets perform best. Thereafter, a more meaningful correction is the norm before the uptrend resumes. Since the advance from the March lows has exceeded most first phase market advances a correction is likely to occur either from the current levels or from a somewhat higher level"

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 Will Have Some Downside Volatility"

"In many markets there has been a 50% to 100% increase in value. You shouldn't expect a repeat of that. We will have some downside volatility."

in Financial Mail

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 As A Currency Does Make A Lot Of Sense

Now, just consider what the impact would be if China were to increase its gold holdings from presently less than 2 per cent of its 2.2 trillion dollars reserves to 6% or 10%. Each 1% increase in gold weighting would mean gold purchases of more than 20 billion dollars, or nearly 600 tonnes.

When governments spend far more than they collect in taxes (large fiscal deficits), and when central bankers engage in reckless monetary policies and, instead of treating the causes of the problems (excessive debt growth), treat the symptoms (deflationary forces), gold as a currency does make a lot of sense.

in BullionVault

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 Could Be Cheaper At The Current Price Than When It Was At 300 Dollars

"A company's stock could be less expensive at 100 dollars than when it was selling for 10 dollars, because earnings growth has outpaced the appreciation of the shares and therefore its price/earnings ratio has declined. So gold could be cheaper at the current price than when it was at less than 300 USD because of the explosion of foreign exchange reserves in the world, zero interest rates, the huge debt overhang, and the expectation of further money printing."

in BullionVault

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 Rise And Fall Of The World`s Greatest Civilizations

"The average life span of the world's greatest civilizations has been 200 years ... Once a society becomes successful it becomes arrogant, righteous, overconfident, corrupt, and decadent ... overspends ... costly wars ... wealth inequity and social tensions increase; and society enters a secular decline."

in Market Watch

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.

Emerging Markets: "There Are Some Clouds On The Horizon"

“There are some clouds on the horizon. For sure, the supply of equities (in emerging markets) will go up because the valuations are up,” he said in a phone interview from Da Nang, Vietnam.

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.

Gold Remains The Best Currency Bet

”Gold remains the best currency bet these days because of the fact that the yellow metal supply is extremely limited. Gold at the current price of 1,110 dollars per ounce is less expensive than it was sold for less than 300 dollars per ounce years back.” in commodity online

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.

There Is A Possibility That Equity Markets Will Be In A Volatile Trading Range

"In equities though, investors seem to be obsessed with “what the stock market will do” because they focus almost entirely on stock market indices. There is a possibility that equity markets will move, in 2010 and thereafter, into a volatile trading range as was the case in the 1970s. The point I wish to make is that good stock selection is at least as important as, or even more important than, “guessing” where the markets will go. Even in recessions and down-markets, some companies can continue to thrive.

I think it is important to understand that in emerging economies, where markets are far from being saturated, companies that execute well can continue to grow even in a poor economic climate. So, investors should focus on identifying well-run and promising companies, and fund managers who are conservative, disciplined, and focused.

Still, I continue to notice a large number of stocks all over the world have recently broken out on the upside with heavy volume. I concede that some stocks have also broken down, but for now there seems to be a preponderance of upside breakout moves, which suggests that a bear market is not imminent. Therefore, I would still use market corrections as an opportunity to add to positions in fundamentally sound companies."

in www.business-standard.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.