25 January, 2011

If The S&P 500 Index Declines By 10 Or 20% We Will Have QE3

"I feel that if the stock market in the US declines 10% or 20%, we would have QE3, in other words more money printing.We would have quantitative easing three and that will again boost stock prices, but not necessarily the economy of the man on the street." in BBC News

Related ETFs: SPDR S&P 500 ETF (NYSE:SPY), ProShares UltraShort S&P500 (ETF) (NYSE:SDS), iShares Russell 2000 Index (ETF) (NYSE:IWM)

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