Thursday, October 28, 2010

Marc Faber : Stocks and Gold Correction Overdue

Marc Faber : ....I think QE2 will be interesting to watch , basically what we have is , back in July august investors were very bearish on the market and they talked about the The Hindenburg Omen and that everything would crash and so forth ...and what then happened is that September was very strong and October was reasonably good month as well , and the market has gone from a low on July first of 1010 on the S&P to close to 1200 , and so a lot of QE2 has been discounted and if you were mister Bernanke I suppose that you would probably disappoint investor somewhat with QE2 and watch once the market reaction , if the market really sell-off you can then increase QE2 or launch QE3 , and QE4 and QE5 and so forth , they'll be many more QEs ......etc....
Marc Faber : ....I think that a correction is overdue, but I wouldn’t think the bear market is around the corner. I think on a correction there will be buying opportunity and I think we will have a crack up boom in stocks.....

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