Tuesday, August 23, 2011

Marc Faber on The Market Outlook - Bloomberg 23 Aug 2011

Marc Faber, publisher of the Gloom, Boom & Doom report, talks about global financial markets, commodities and investment strategy.

Marc Faber : " we had a rally from the low of the 9th of August at 1101 on the S&P , to almost 1200 and then we came right down again and basically we did not make new lows and now I think that we can rally again for a while " Marc Faber says " ...what I mean is I think a lot of people will think the market formed the double low and we have some technical indicators that are going to turn positive and so we could rally to around 1250 but as I said before for me we reach the high on the 2nd of May 2011, 1370 on the S&P that we will not go through "

Dr. Marc Faber Tomorrow's Gold







Dr Marc Faber was born in Zurich, Switzerland. He went to school in Geneva and Zurich and finished high school with the Matura. He studied Economics at the University of Zurich and, at the age of 24, obtained a PhD in Economics magna cum laude. Between 1970 and 1978, Dr Faber worked for White Weld & Company Limited in New York, Zurich and Hong Kong. Since 1973, he has lived in Hong Kong. From 1978 to February 1990, he was the Managing Director of Drexel Burnham Lambert (HK) Ltd. In June 1990, he set up his own business, which acts as an investment advisor and fund manager.