Marc Faber : “I think asset markets have begun a correction. We peaked out on the S&P on February 18th at 1344 and usually in April we have seasonal strength but I think it’s likely that the S&P will not be able to make a new high and then we will have a more significant setback in May, June. I think the Euro, contrary to expectations has rallied. I think what we could see in the next few months a rebound of the U.S. Dollar, weakness in asset markets, correction in commodities, and maybe a rebound in U.S. bonds. We live in very volatile times; a correction could be 10%, 20%. I would on any weakness accumulate gold.”
in Fox Business News
Not sure about S&P not making a new high. We've had massive earthquake, tsunami and virtual nuclear meltdown scenario, with all the economic implications, worst middle east instability in decades, high oil, consumer sentiment big move down, yet indexes still holding ground and in fact battling upward. Could well be another leg up here.
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