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 "

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