05 April, 2011

I Believe The Fed Would Like To See Stocks Correcting Somewhat

I think QE2 is fully discounted. I believe the Fed would like to see stocks correcting somewhat and then have an excuse if stock are down 20%, then yeah, we need QE3. - in Bloomberg

Related: SPDR S&P 500 Index ETF (NYSE:SPY), ProShares UltraShort S&P 500 Index (ETF) (NYSE:SDS), ProShares UltraShort 20+ Year Treasuries (ETF) (NYSE:TBT), iShares Barclays 20+ Year Treasury Bond (ETF) (NYSE:TLT), iShares Russell 2000 Index (ETF) (NYSE:IWM), iShares MSCI Emerging Markets Index (ETF) (Public, NYSE:EEM)

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