Therefore, under both scenarios – stagflation or deflationary recession – gold, gold equities, and other precious metals should continue to perform better than financial assets. - in Resource Investor
Tickers: SPDR Gold ETF (GLD), IShares Silver ETF (SLV), Newmont Mining (NME), Novagold (NG), Barrick Gold (ABX), Goldcorp (GG), Hecla Mining (HL)
Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.
31 August, 2011
30 August, 2011
Banks In Asia Are Sound
Banks in Asia are reasonably sound because they never went and invested in all kinds of Greek bonds, and Portuguese bonds and so on and so on.
Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.
Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.
We Never Really Came Out Of The Last Recession In Many Different Sectors Of The Economy
I think we never really came out of the last recession in many different sectors of the economy, although in some sectors we came out. And when you look at the world, the emerging market has continued to grow throughout the period from 2008 up to today. There is a slow down occuring in emerging economies but in the western world there is hardly any growth. - in CNBC
Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.
Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.
28 August, 2011
Gold Prices: I Hope It Will Drop 100 Or 200 Dollars
The gold price is coming down, and I hope it will drop 100 or 200 dollars. Not necessarily a prediction. I think we will go down in a correction because there has been too much enthusiasm recently. - in Bloomberg
Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.
Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.
27 August, 2011
My Favorite Investment Remains Gold
So, you are probably better off in equities than in bonds. My favorite investment remains gold. As it happens, the gold price is coming down, and I hope it will drop $100 or $200. Not necessarily a prediction. I think we will go down in a correction because there has been too much enthusiasm recently. - in Beacon Equity
Related: SPDR Gold ETF (GLD), Newmont Mining (NEM), Barrick Gold (ABX), Goldcorp (GG)
Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.
Related: SPDR Gold ETF (GLD), Newmont Mining (NEM), Barrick Gold (ABX), Goldcorp (GG)
Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.
26 August, 2011
I Think The Treasury Market Is A Disaster Waiting To Happen.
All I am saying is I am very bearish. I think we will have inflation. I think the Treasury market is a disaster waiting to happen. I think the economy will slow down. They’re going to print money and we will go to war at some stage somewhere. - in Beacon Equity
Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.
Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.
Physical Gold Should Be Held In A Safe Deposit Box - Ideally Outside The US
I prefer if investors hold physical gold in a safe deposit box, ideally outside the US, in various locations...Switzerland, Singapore, Hong Kong, Australia, Canada...I think it’s important in today’s very uncertain world to diversify, not only the various asset classes...but also the custody of your assets should be in different jurisdictions. - in Sovereign Man
Related: SPDR Gold ETF (GLD)
Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.
Related: SPDR Gold ETF (GLD)
Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.
25 August, 2011
Ben Bernanke Speech: What To Expect
I think what Bernanke will say is that they are monitoring the situation, and they will take ‘appropriate measures’ when they are required. To some extent we are in midst of QE3 already, because by announcing the Fed will keep zero interest rates until the middle of 2013, they basically encourage financial institutions to borrow short-term and to buy 10-year Treasuries.
Related: iShares Barclays 20+ Year Treas.Bond (ETF) (NYSE:TLT)
Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.
Related: iShares Barclays 20+ Year Treas.Bond (ETF) (NYSE:TLT)
Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.
On Fundamentals One Could Make The Case That We Could Go Lower To Around March 2009 Lows
On fundamentals one could make the case that we could go lower to around March 2009 lows at 666 on the S&P. But I think we have to be realistic that if the market dropped here another 10% or 15%, there would be for sure another quantitative easing move and other measures taken to support asset prices. - in Bloomberg.com
Related: Related ETFs: SPDR S&P 500 Index ETF (SPY), ProShares UltraShort S&P500 (ETF) (NYSE:SDS)
Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.
Related: Related ETFs: SPDR S&P 500 Index ETF (SPY), ProShares UltraShort S&P500 (ETF) (NYSE:SDS)
Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.
24 August, 2011
We Can Rally For A While
We had rally from the low on the ninth of August at 1,101 on the S&P to almost 1,200. Then we came right down again. Basically we did not make new lows. And now I think we can rally again for a while.
I think a lot of people will say the markets formed a double low and we have some technical indicators that are going to turn positive, so we could rally around 1,250, but as I said before, for me, we reached a high on May 2, 2011. 1,370 on the S&P–that we will not go through. My view is you have a lot of people with strategies that are very bullish. They have a yearend target of around 1,400-1,450 on the S&P. Then you have the super bear. I think both camps will be disappointed. - in Bloomberg.com
Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.
I think a lot of people will say the markets formed a double low and we have some technical indicators that are going to turn positive, so we could rally around 1,250, but as I said before, for me, we reached a high on May 2, 2011. 1,370 on the S&P–that we will not go through. My view is you have a lot of people with strategies that are very bullish. They have a yearend target of around 1,400-1,450 on the S&P. Then you have the super bear. I think both camps will be disappointed. - in Bloomberg.com
Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.
The U.S. As An Economy Is Of Course Much Worse Off Than In 1999
I think we never really came out of the recession in many different sectors of the economy. If you look back to say 1999 to today, the U.S. as an economy, macroeconomically speaking, is of course much worse off than in 1999 — courtesy of the Federal Reserve I may add. - in CNBC
Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.
Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.
Growth Prospects For The Next 10 Years Are Not Bright
If I look at the politicians both in Europe and the U.S., I don't think that prospect for growth is very good. If I also look at the entitlement system and the government expenditures and the fiscal deficits and the debt overhang, I think for the next 10 years we'll have very muted growth in the Western world and standards of living for the average household will continue to decline. - in CNBC
Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.
Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.
Bloomberg Video Interview: US Stocks Outlook
Aug. 23 (Bloomberg) -- Marc Faber, publisher of the Gloom, Boom & Doom report, talks about global financial markets, commodities and investment strategy. Faber speaks with Carol Massar and Matt Miller on Bloomberg Television's "Street Smart." (Source: Bloomberg)
Related ETFs: SPDR S&P 500 Index ETF (SPY), ProShares UltraShort S&P500 (ETF) (NYSE:SDS)
Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.
22 August, 2011
Bloomberg Video Interview: August 19th
Latest Bloomberg video interview.
Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.
Paper Money Has Lost Its Value. Hyperinflation Is The Pattern To Come.
It would be very dangerous to say "I don’t trust stocks, gold, real estate, I want to keep my money in cash. That’s a way to end up losing a lot of money...
We’re in a paradoxical situation where under a traditional monetary system the safest places are cash, Treasury deposits, government bonds. Nowadays, they have been made by monetization into the most unsafe assets from a longer term perspective.
Weak economies usually have higher inflation rates than stronger economies. In weak economies you have loose fiscal policies and money printing. And the U.S. is the world champion in loose monetary policies. I don’t believe a single word of what the Bureau of Labor Statistics is printing about inflation figures.
Paper money has lost its value. Hyperinflation is the pattern to come. - in MarketWatch.com
Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.
We’re in a paradoxical situation where under a traditional monetary system the safest places are cash, Treasury deposits, government bonds. Nowadays, they have been made by monetization into the most unsafe assets from a longer term perspective.
Weak economies usually have higher inflation rates than stronger economies. In weak economies you have loose fiscal policies and money printing. And the U.S. is the world champion in loose monetary policies. I don’t believe a single word of what the Bureau of Labor Statistics is printing about inflation figures.
Paper money has lost its value. Hyperinflation is the pattern to come. - in MarketWatch.com
Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.
21 August, 2011
I Am Not That Negative About Equities
I’m not that negative about equities. If you’re bearish about the world, you’ll probably be better off in equities than in government bonds and cash. - in Market Watch Blog
Related: Related assets, SPDR S&P 500 ETF (NYSE:SPY), ProShares UltraShort S&P500 (ETF) (NYSE:SDS), iShares MSCI Emerging Markets Indx (ETF) (NYSE:EEM), Financial Select Sector SPDR (ETF) (NYSE:XLF)
Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.
Related: Related assets, SPDR S&P 500 ETF (NYSE:SPY), ProShares UltraShort S&P500 (ETF) (NYSE:SDS), iShares MSCI Emerging Markets Indx (ETF) (NYSE:EEM), Financial Select Sector SPDR (ETF) (NYSE:XLF)
Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.
There Will Be Many More Takeovers And Industry Consolidation In The Years Ahead
The corporate sector is not spending much money on capital investments and new investments — that’s why they have this huge hoard of cash. There will be many more takeovers and industry consolidation in the years ahead. It destroys jobs, but this is what will happen. As industries consolidate, they get more pricing power, and the cost of living increases. - in MarketWatch, Aug 19
Related assets, SPDR S&P 500 ETF (NYSE:SPY), ProShares UltraShort S&P500 (ETF) (NYSE:SDS), iShares MSCI Emerging Markets Indx (ETF) (NYSE:EEM), Financial Select Sector SPDR (ETF) (NYSE:XLF)
Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.
Related assets, SPDR S&P 500 ETF (NYSE:SPY), ProShares UltraShort S&P500 (ETF) (NYSE:SDS), iShares MSCI Emerging Markets Indx (ETF) (NYSE:EEM), Financial Select Sector SPDR (ETF) (NYSE:XLF)
Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.
20 August, 2011
The Federal Reserve Is A Very Evil Institution
The Federal Reserve is a very evil institution in the sense that they punish decent people who have saved all their lives. These are people who don’t understand about stocks and investments and suddenly they are forced to speculate. - in MarketWatch
Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.
Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.
19 August, 2011
10 & 30 Year US Treasuries Are A Suicidal Investment
It’s a suicidal investment to own 10-year or 30-year U.S. Treasuries. U.S. government bonds are junk bonds. As long as they can print, they can pay the interest. But another way to default is to pay the interest and principal in depreciating currency.- in MarketWatch.com
Related: ProShares UltraShort 20+ Year Trea (ETF) (NYSE:TBT), iShares Barclays 20+ Yr Treas.Bond (ETF) (NYSE:TLT), iShares Lehman 7-10 Yr Treas. Bond (ETF) (NYSE:IEF)
Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.
Related: ProShares UltraShort 20+ Year Trea (ETF) (NYSE:TBT), iShares Barclays 20+ Yr Treas.Bond (ETF) (NYSE:TLT), iShares Lehman 7-10 Yr Treas. Bond (ETF) (NYSE:IEF)
Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.
10 & 30 Year US Treasuries Are A Suicidal Investment
It’s a suicidal investment to own 10-year or 30-year U.S. Treasuries. - in MarketWatch.com
Related: ProShares UltraShort 20+ Year Trea (ETF) (NYSE:TBT), iShares Barclays 20+ Yr Treas.Bond (ETF) (NYSE:TLT), iShares Lehman 7-10 Yr Treas. Bond (ETF) (NYSE:IEF)
Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.
Related: ProShares UltraShort 20+ Year Trea (ETF) (NYSE:TBT), iShares Barclays 20+ Yr Treas.Bond (ETF) (NYSE:TLT), iShares Lehman 7-10 Yr Treas. Bond (ETF) (NYSE:IEF)
Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.
Financial Conditions Are Worse Than They Were Prior To The Crisis In 2008
Financial conditions are today worse than they were prior to the crisis in 2008. The fiscal deficits have exploded and the political system in both the U.S. and Europe has become completely dysfunctional. - in MarketWatch
Related assets, SPDR S&P 500 ETF (NYSE:SPY), ProShares UltraShort S&P500 (ETF) (NYSE:SDS), iShares MSCI Emerging Markets Indx (ETF) (NYSE:EEM), Financial Select Sector SPDR (ETF) (NYSE:XLF)
Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.
Related assets, SPDR S&P 500 ETF (NYSE:SPY), ProShares UltraShort S&P500 (ETF) (NYSE:SDS), iShares MSCI Emerging Markets Indx (ETF) (NYSE:EEM), Financial Select Sector SPDR (ETF) (NYSE:XLF)
Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.
18 August, 2011
If The S&P Goes To 1000 Or So, The Fed Will Pump Money InTo The System Again
Basically we have a lot of volatility. As you know over the last 12 months the S&P 500 Index rose from 1010 on July 1st, 2010 to a peak on May 2nd of 1370. Then we dropped to 1101 and now we are at 1178. So we have a lot of volatility.
I think the market may rebound somewhat more here because we are very oversold and some technical indicators have turned positive including insider buying. But in general I think it will be extremely difficult for stocks to make a new high and after this rebound I think we will drift lower.
Not to say that we will collapse because if the S&P 500 Index drops to 1000 or so, the Fed would certainly pump again money into the system. - in Fox Business News, aug 12
Related: SPDR S&P 500 Index (SPY), ProShares UltraShort S&P500 (ETF) (NYSE:SDS), PowerShares QQQ Trust, Series 1 (ETF) (NASDAQ:QQQ), ProShares UltraShort QQQ (ETF) (NYSE:QID)
Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.
I think the market may rebound somewhat more here because we are very oversold and some technical indicators have turned positive including insider buying. But in general I think it will be extremely difficult for stocks to make a new high and after this rebound I think we will drift lower.
Not to say that we will collapse because if the S&P 500 Index drops to 1000 or so, the Fed would certainly pump again money into the system. - in Fox Business News, aug 12
Related: SPDR S&P 500 Index (SPY), ProShares UltraShort S&P500 (ETF) (NYSE:SDS), PowerShares QQQ Trust, Series 1 (ETF) (NASDAQ:QQQ), ProShares UltraShort QQQ (ETF) (NYSE:QID)
Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.
17 August, 2011
Gold: The Price Trend Is Up, But Near Term It Can Drop
I am not sure how high the price of gold or silver will increase but when I consider the further inevitable growth of the US and other governments’ debts, the creation of paper money in the world and especially at the low gold ownership rate in the world, I am confident that the price trend of gold is up. (But) near term I think the price could drop. - in The Jakarta Globe
Related assets, SPDR Gold ETF (GLD), Newmont Mining (NEM), Barrick Gold (ABX), Novagold (NG), Goldcorp (GG), Anglogold (AU), New Gold (NGD), Freeport McMoran (FCX).
Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.
Related assets, SPDR Gold ETF (GLD), Newmont Mining (NEM), Barrick Gold (ABX), Novagold (NG), Goldcorp (GG), Anglogold (AU), New Gold (NGD), Freeport McMoran (FCX).
Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.
16 August, 2011
Fox Business News Video Interview
"In the long run, the US Dollar is a doomed currency"
Topics: SPDR Gold ETF (GLD), SPDR S&P 500 Index ETF (SPY), iPath S&P 500 VIX Short-Term Futures ETN (NYSE:VXX), United States Oil Fund LP (ETF) (NYSE:USO)
Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.
15 August, 2011
The Problem With The Federal Reserve Policy
The problem with the Federal Reserve policy of essentially zero interest rates is that they are essentially throwing money at the system, but they don’t control where the money will flow to. It can flow at some point into commodity-related stocks. It can flow into gold, oil, treasuries, but it doesn’t flow evenly into these assets. In my opinion, the Treasury, the long-dated Treasuries are essentially the short of the century thing here. - in Bloomberg
Related ETFs: United States Oil Fund (USO), SPDR Gold ETF (GLD), Energy Select Sector SPDR (ETF) (NYSE:XLE), Market Vectors Etf Trust (NYSE:GDX)
Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.
Related ETFs: United States Oil Fund (USO), SPDR Gold ETF (GLD), Energy Select Sector SPDR (ETF) (NYSE:XLE), Market Vectors Etf Trust (NYSE:GDX)
Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.
14 August, 2011
People Should Be Encouraged To Save More, And The U.S. Should Save More And Spend Less
From 1981 to 2007, we have an economy that was living beyond its means. As a result of continued debt accumulation, GDP was higher than would otherwise have been the case. Now we have a period of sub-par growth that can last for quite some time now, and like in the case of Japan after 1989, people instead of being encouraged to spend, they should be encouraged to save more, and the U.S. should save more and spend less. And then capital spending will essentially pick up. - in Bloomberg
Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.
Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.
13 August, 2011
I Personally Think The Treasury Market, The Long-Dated, Are A Bubble
I personally think the Treasury market (NYSE:TLT), the long-dated, are a bubble and it will be one of the worst investments for the longer term if you buy a 10-year, a 30-year U.S. Treasury so I’m a bit puzzled that Treasuries are now yielding, are essentially near record lows. I would rather sell Treasuries. - in WallStCheatSheet
Related Tickers: ProShares UltraShort 20+ Year Trea (ETF) (NYSE:TBT) iShares Barclays 20+ Yr Treas.Bond (ETF) (NYSE:TLT), iShares Lehman 7-10 Yr Treas. Bond (ETF) (NYSE:IEF)
Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.
Related Tickers: ProShares UltraShort 20+ Year Trea (ETF) (NYSE:TBT) iShares Barclays 20+ Yr Treas.Bond (ETF) (NYSE:TLT), iShares Lehman 7-10 Yr Treas. Bond (ETF) (NYSE:IEF)
Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.
12 August, 2011
I’ve Been In This Business For 40 Years And On Many Occasions, Nothing Made Sense to me
I’ve been in this business for 40 years and on many occasions, nothing made sense to me. I think the Treasury market is another example of a gigantic bubble.
The problem with the Federal Reserve policy of essentially zero interest rates is that they are essentially throwing money at the system, but they don’t control where the money will flow to. It can flow at some point into commodity-related stocks. It can flow into gold, oil, treasuries, but it doesn’t flow evenly into these assets.
In my opinion, the Treasury, the long-dated Treasuries are essentially the short of the century thing here. - in Bloomberg
Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.
The problem with the Federal Reserve policy of essentially zero interest rates is that they are essentially throwing money at the system, but they don’t control where the money will flow to. It can flow at some point into commodity-related stocks. It can flow into gold, oil, treasuries, but it doesn’t flow evenly into these assets.
In my opinion, the Treasury, the long-dated Treasuries are essentially the short of the century thing here. - in Bloomberg
Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.
What Has QE1 And QE2 Done For The Labor Markets? Nothing At All.
What has QE1 and QE2 done for the labor markets? Nothing at all. It’s done nothing for the housing markets. It’s lifted stocks and it created wider wealth inequality in a sense that people who own assets have done very well, and people that are the lower-income recipients groups, they are hurt by rising energy prices (NYSE:XLE) and food prices (NYSE:RJA). - in Bloomberg
Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.
Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.
11 August, 2011
The Market Has Sold Off In Such A Rapid Way With So Much Momentum That I Am Smelling As If Something Really Wrong Will Happen In The Next 2 or 3 Months
The market has sold off in such a rapid way with so much momentum that I am smelling as if something really wrong will happen in the next two or three months.
Because the market is a discounting mechanism...in March 2009, the market went up and people were baffled by that. And now it goes down, and maybe in three months, people will wake up scratch their head and understand why... - in Bloomberg
Tickers: SPDR S&P 500 ETF (NYSE:SPY), iShares MSCI Emerging Markets Indx (ETF) (NYSE:EEM), PowerShares QQQ Trust, Series 1 (ETF) (NASDAQ:QQQ) , SPDR Dow Jones Industrial Average ETF (NYSE:DIA), iShares Russell 2000 Index (ETF) (NYSE:IWM), Financial Select Sector SPDR (ETF) (NYSE:XLF), ProShares UltraShort S&P500 (ETF) (Public, NYSE:SDS), ProShares UltraShort QQQ (ETF) (Public, NYSE:QID)
Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.
Because the market is a discounting mechanism...in March 2009, the market went up and people were baffled by that. And now it goes down, and maybe in three months, people will wake up scratch their head and understand why... - in Bloomberg
Tickers: SPDR S&P 500 ETF (NYSE:SPY), iShares MSCI Emerging Markets Indx (ETF) (NYSE:EEM), PowerShares QQQ Trust, Series 1 (ETF) (NASDAQ:QQQ) , SPDR Dow Jones Industrial Average ETF (NYSE:DIA), iShares Russell 2000 Index (ETF) (NYSE:IWM), Financial Select Sector SPDR (ETF) (NYSE:XLF), ProShares UltraShort S&P500 (ETF) (Public, NYSE:SDS), ProShares UltraShort QQQ (ETF) (Public, NYSE:QID)
Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.
Everybody In The World Has Become A Keynesian
Everybody in the world has become a Keynesian. Everybody thinks the government should do this, the Fed should do that, the Treasury should do that. I think sometimes the best is to do nothing. - in Bloomberg
Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.
Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.
10 August, 2011
I Think The Federal Reserve Is Underestimating The Severity Of The Coming Economic Downturn
I think the Fed is underestimating the severity of the coming economic downturn. Essentially they spent their bullets. It is very difficult to follow through with QE3 right here, because you have gold prices going ballistic, and you have the dollar being very weak, and so there are unintended consequences with implementing QE3 right here. - in Bloomberg, August 10
Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.
Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.
Bloomberg Interview: August 10
Latest video market update, Bloomberg, earlier today;
Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.
I Think We Will Test The July Lows Of Last Year, The S&P At 1,010. After That, Probably We’ll Get Probably A QE3 Announcement.
I think they did the right thing that they didn’t allow QE3. They can watch the reaction of assets, whether they will go lower. I think the market is more likely to move still lower. We are very oversold. We can have a rebound like we did today, maybe we’ll have a rebound next week or so, but in general I think we will test the July lows of last year, the S&P at 1,010. After that, probably we’ll get probably a QE3 announcement. - in Bloomberg
Related ETFs: SPDR S&P 500 ETF (NYSE:SPY), iShares MSCI Emerging Markets Indx (ETF) (NYSE:EEM), PowerShares QQQ Trust, Series 1 (ETF) (NASDAQ:QQQ) , SPDR Dow Jones Industrial Average ETF (NYSE:DIA), iShares Russell 2000 Index (ETF) (NYSE:IWM), Financial Select Sector SPDR (ETF) (NYSE:XLF)
Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.
Related ETFs: SPDR S&P 500 ETF (NYSE:SPY), iShares MSCI Emerging Markets Indx (ETF) (NYSE:EEM), PowerShares QQQ Trust, Series 1 (ETF) (NASDAQ:QQQ) , SPDR Dow Jones Industrial Average ETF (NYSE:DIA), iShares Russell 2000 Index (ETF) (NYSE:IWM), Financial Select Sector SPDR (ETF) (NYSE:XLF)
Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.
09 August, 2011
Government Bonds In The US Are The Short Of The Century
In my opinion, around this level, government bonds in the US are the short of the century. - in CNBC
Related ETFs: ProShares UltraShort 20+ Year Trea (ETF) (NYSE:TBT) iShares Barclays 20+ Yr Treas.Bond (ETF) (NYSE:TLT), iShares Lehman 7-10 Yr Treas. Bond (ETF) (NYSE:IEF)
Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.
Related ETFs: ProShares UltraShort 20+ Year Trea (ETF) (NYSE:TBT) iShares Barclays 20+ Yr Treas.Bond (ETF) (NYSE:TLT), iShares Lehman 7-10 Yr Treas. Bond (ETF) (NYSE:IEF)
Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.
Markets Are Most Oversold Since March 09 and 1987
I think that near-term stock markets around the world are very, very oversold and most oversold since February, March 2009 and 1987. It doesn't mean that they can't go lower, but I think they will rebound. - in CNBC, August 9
Related Etfs: SPDR S&P 500 ETF (NYSE:SPY), iShares MSCI Emerging Markets Indx (ETF) (NYSE:EEM), United States Oil Fund LP (ETF) (NYSE:USO), PowerShares QQQ Trust, Series 1 (ETF) (NASDAQ:QQQ) , 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.
Related Etfs: SPDR S&P 500 ETF (NYSE:SPY), iShares MSCI Emerging Markets Indx (ETF) (NYSE:EEM), United States Oil Fund LP (ETF) (NYSE:USO), PowerShares QQQ Trust, Series 1 (ETF) (NASDAQ:QQQ) , 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.
08 August, 2011
Its Quite Likely That We May Bottom Out Today Or Tomorrow
I don`t think we will make new highs this year. I think the market basically is incredibly oversold at this level and its quite likely that we may bottom out today or tomorrow and have a rally. - in Bloomberg, August 8
Tickers: SPDR S&P 500 Index (SPY)
Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.
Tickers: SPDR S&P 500 Index (SPY)
Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.
The Final Value Of The Dollar Is Zero
I have always believed that the final value of the dollar is zero, because the government, the Treasury and the Federal Reserve have no interest in keeping a strong dollar. - in Expatica
Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.
Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.
07 August, 2011
S&P US Downgrade: US Austerity Plan Fails To Deal With Core Debt Issue
The two parties have agreed to a certain extent to raise the debt ceiling, but there aren't many details on this operation. The fundamental problem of spending cuts was not taken into account, since no change is expected until 2013.
As a result, US debt continues to grow. If the economy slows as I think it would, the country will record a fiscal deficit of 1.7 trillion dollars next year. The following year would be more of the same, and government debt, in proportion to gross domestic product, will continue to grow to the point where, like Greece, the assessment of the solvency of the country will be revised downwards. - in Expatica
Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.
As a result, US debt continues to grow. If the economy slows as I think it would, the country will record a fiscal deficit of 1.7 trillion dollars next year. The following year would be more of the same, and government debt, in proportion to gross domestic product, will continue to grow to the point where, like Greece, the assessment of the solvency of the country will be revised downwards. - in Expatica
Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.
I Would Be Using Rebounds As A Selling Opportunity
"In general, I would be using rebounds as a selling opportunity." - In CNBC, August 5
Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.
Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.
The Market Has Experienced Everywhere Huge Technical Damage
"My view is that the market has experienced everywhere huge technical damage. As of today, all markets are extremely oversold, so a rebound is going to happen (Friday) or on Monday, but the damage technically is so great that the rebound, no matter whether QE3 happens right here, it's unlikely to lift markets above the May 2 high of the S&P 500 at 1370." - in CNBC, August 5
Related: SPDR S&P 500 Index (SPY)
Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.
Related: SPDR S&P 500 Index (SPY)
Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.
06 August, 2011
I Can Already Smell QE3
I can already smell QE3...next week will be important to see if Bernanke is a true money printer or an amateur, and if he is a true money printer he will start printing soon. - in Bloomberg
Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.
Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.
05 August, 2011
CNBC Video Interview: August 5
Video description: The market has experienced huge technical damage, says Marc Faber, The Gloom, Boom & Doom Report with perspective on yesterday's massive sell-off.
Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.
Bloomberg Video Interview: August 5th
Aug. 5 (Bloomberg) -- Marc Faber, publisher of the Gloom, Boom & Doom report, talks about global financial markets. Faber also discusses Federal Reserve monetary policy. He speaks from Zurich with Susan Li and John Dawson on Bloomberg Television's "On the Move Asia." (Source: Bloomberg)
Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.
The Whole World Is Mad
The whole world is mad. Stocks will be dropping 30 percent, then rallying 20 percent, and dropping another 30 percent - that's going to be the pattern. And whoever can't live with that shouldn't be buying equities at all.
There is a case to be ultrabearish about everything, and markets are going to go lower, (but) markets are "extremely oversold" and I expect a "snap-back" rally in the U.S. Standard & Poor's 500 Index of about 40-50 points. - in Bloomberg, August 5
Related: Tickers: SPDR S&P 500 ETF (NYSE:SPY), ProShares UltraShort S&P500 (ETF), (NYSE:SDS) ProShares UltraShort QQQ (ETF) (NYSE:QID), iShares MSCI Emerging Markets Indx (ETF) (NYSE:EEM), ProShares UltraShort 20+ Year Trea (ETF) (NYSE:TBT), iShares Barclays 20+ Yr Treas.Bond (ETF), (NYSE:TLT), United States Oil Fund LP (ETF) (NYSE:USO), SPDR Gold ETF (GLD)
Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.
There is a case to be ultrabearish about everything, and markets are going to go lower, (but) markets are "extremely oversold" and I expect a "snap-back" rally in the U.S. Standard & Poor's 500 Index of about 40-50 points. - in Bloomberg, August 5
Related: Tickers: SPDR S&P 500 ETF (NYSE:SPY), ProShares UltraShort S&P500 (ETF), (NYSE:SDS) ProShares UltraShort QQQ (ETF) (NYSE:QID), iShares MSCI Emerging Markets Indx (ETF) (NYSE:EEM), ProShares UltraShort 20+ Year Trea (ETF) (NYSE:TBT), iShares Barclays 20+ Yr Treas.Bond (ETF), (NYSE:TLT), United States Oil Fund LP (ETF) (NYSE:USO), SPDR Gold ETF (GLD)
Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.
04 August, 2011
US Economy May Surprise On The Downside
"Some analysts think that there's a chance economic data will surprise on the upside but I think, if anything, it will be on the downside." - in CNBC
Related ETFs: SPDR S&P 500 Index ETF (SPY)
Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.
Related ETFs: SPDR S&P 500 Index ETF (SPY)
Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.
03 August, 2011
If Chinese Growth Really Slows Down It Could Trigger A Vicious Cycle On The Downside
If Chinese growth really slows down or if they have a crash... it could trigger a vicious cycle on the downside and I would say there is a fairly good chance that this could happen. This would be really something the world's central bankers wouldn't be able to help with printing money. - in CNBC
Related: Tickers: SPDR S&P 500 ETF (NYSE:SPY), ProShares UltraShort S&P500 (ETF), (NYSE:SDS) ProShares UltraShort QQQ (ETF) (NYSE:QID), iShares MSCI Emerging Markets Indx (ETF) (NYSE:EEM), ProShares UltraShort 20+ Year Trea (ETF) (NYSE:TBT), iShares Barclays 20+ Yr Treas.Bond (ETF), (NYSE:TLT), United States Oil Fund LP (ETF) (NYSE:USO)
Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.
Related: Tickers: SPDR S&P 500 ETF (NYSE:SPY), ProShares UltraShort S&P500 (ETF), (NYSE:SDS) ProShares UltraShort QQQ (ETF) (NYSE:QID), iShares MSCI Emerging Markets Indx (ETF) (NYSE:EEM), ProShares UltraShort 20+ Year Trea (ETF) (NYSE:TBT), iShares Barclays 20+ Yr Treas.Bond (ETF), (NYSE:TLT), United States Oil Fund LP (ETF) (NYSE:USO)
Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.
CNBC Video Interview: August 2
Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.
02 August, 2011
The Politicians Are All Useless Individuals
"The politicians are all useless individuals. Nobody is reducing the problems in the US or Europe, just putting on a band aid and postponing the problems endlessly." - in CNBC
Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.
Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.
The US Treasury Market Is Telling You That The Economy Is In Recession
The Treasury market is telling you that the economy is in recession. So if the bond market is telling you that the economies of the Western world are weakening, but at the same time the stock market is still relatively high, I think the stock market is vulnerable. - in CNBC
Tickers: SPDR S&P 500 ETF (NYSE:SPY), ProShares UltraShort S&P500 (ETF), (NYSE:SDS) ProShares UltraShort QQQ (ETF) (NYSE:QID), iShares MSCI Emerging Markets Indx (ETF) (NYSE:EEM), ProShares UltraShort 20+ Year Trea (ETF) (NYSE:TBT), iShares Barclays 20+ Yr Treas.Bond (ETF), (NYSE:TLT), United States Oil Fund LP (ETF) (NYSE:USO)
Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.
Tickers: SPDR S&P 500 ETF (NYSE:SPY), ProShares UltraShort S&P500 (ETF), (NYSE:SDS) ProShares UltraShort QQQ (ETF) (NYSE:QID), iShares MSCI Emerging Markets Indx (ETF) (NYSE:EEM), ProShares UltraShort 20+ Year Trea (ETF) (NYSE:TBT), iShares Barclays 20+ Yr Treas.Bond (ETF), (NYSE:TLT), United States Oil Fund LP (ETF) (NYSE:USO)
Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.
The Bear Market Is Starting
"The bear market is starting. When you compare equities to bonds and cash I don't think equities are very positive" - in CNBC
Tickers: SPDR S&P 500 ETF (NYSE:SPY) ProShares UltraShort S&P500 (ETF) (NYSE:SDS) ProShares UltraShort QQQ (ETF) (NYSE:QID) iShares MSCI Emerging Markets Indx (ETF) (NYSE:EEM)
Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.
Tickers: SPDR S&P 500 ETF (NYSE:SPY) ProShares UltraShort S&P500 (ETF) (NYSE:SDS) ProShares UltraShort QQQ (ETF) (NYSE:QID) iShares MSCI Emerging Markets Indx (ETF) (NYSE:EEM)
Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.
01 August, 2011
Who Buys 10 Year US Treasuries At A Yield Below 3 Percent?
It is mind boggling that somebody will buy 10-year U.S. Treasuries at a yield of less than 3 percent, denominated in US Dollars.
Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.
Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.
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