Thursday, June 6, 2013

Marc Faber: Don't Bet on New Market Highs

Marc Faber  : 'The Market Is Actually Quite Vulnerable'

Marc Faber :"Very near term, we are a bit oversold and we may rally back to around 1,660-1,670 on the S&P," he said. "On the backs of Intel,Microsoft and IBM we can make a new high. But the new high would not be confirmed by the majority of shares. I think the market is actually quite vulnerable."

"I think the market is rolling over," he said, pointing to the sharp drop in some international markets in recent weeks.

LinkWithin

Related Posts Plugin for WordPress, Blogger...