We never know if a correction is the beginning of something more serious or whether its just a correction in a bull market.
My impression is that we have a lot of of pressure in commodity prices on the upside and particularly oil. I think oil is likely to move higher for a variety of reasons and that may not be very good for stock markets. (in Bloomberg)
Related: United States Oil Fund LP (ETF) (NYSE:USO) , iPath S&P GSCI Crude Oil Total Return (NYSE:OIL) , Energy Select Sector SPDR (ETF) (NYSE:XLE) , Exxon Mobil Corporation (NYSE:XOM) , ConocoPhillips (Public, NYSE:COP) , Marathon Oil Corporation (NYSE:MRO), Hess Corp. (NYSE:HES) , Petroleo Brasileiro SA (ADR) (NYSE:PBR)
Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.
