Marc Faber : I said earlier this year that the S&P high of 1370 will be the highest for this year then we dropped to 1102 and now we rallied to over 1200 I think the super bears will be wrong and the super bulls will be wrong and that the market will kind of have a trading range , but obviously if the FED prints money like war which is not totally unlikely , then the value of money will lose in other words the S&P could go from this 1200 level here to say 2000 but in gold terms and in inflation adjusted terms it could go down , so I am not a heavy short seller but I can understand the arguments of the isolationists who argue that the private debt collapse in other words the private debt construction will exceed the government debt creation and that therefore the S&P will collapse to 400 , I can understand that and I have sympathy for that that's why I am telling your listeners you should have about 25% of your money in stocks, 25% in real estate, 25% in gold and silver and 25% in cash. -
in Yahoo Finance
