Thursday, May 19, 2016
Marc Faber: The Fed is obsessed with the Stock Market
The Fed "said a rate hike is on the table so they can watch the market reaction," Faber said Wednesday on CNBC's "Trading Nation." "If we are, in June, 10 to 20 percent lower in stocks and bond yields are up, they're not going to move. If, on the other hand, the market is relatively stable and moves up from here, maybe not to new highs but above 2,000 on the S&P, they will probably move," he said, referring to a level that was actually 48 points below Wednesday's closing price. "They're very much market dependent in my opinion."
Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.Dr. Doom also trades currencies and commodity futures like Gold and Oil.
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they will probably move," he saidhttp://goo.gl/Tj0fGC
ReplyDeletethey will probably move," he saidhttp://goo.gl/Tj0fGC
ReplyDeleteAlright, but if the market moved to the different way, what does Fed is going to do? He can lose control belong this deed and left without nothing. However, I try to believe that he find out this process.
ReplyDelete