Thursday, May 24, 2012

Marc Faber : The Markets Crash not to happen right away

Marc Faber : ...Not right now because the market has become very oversold and usually in an election year we get some kind of a rally from late May onward and also there is some seasonal strength from late May to August so I do not think the crash will happen right away but equally I do not think that the markets are in a position to make new highs because the technical damage is very considerable - in Bloomberg
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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.