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Thread: Marc Faber

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    Default Marc Faber

    Gold, Stocks Better than Bonds

    "Some economists raise the spectre of deflation, but Faber pointed out that inflation in the UK is high and that food prices are rising by 20 percent in emerging economies.

    "People who tell me about the big deflation in Japan, why don't they spend a day in Tokyo? It's still the most expensive city in the world," he added.
    "At this level I'm not particularly interested in buying anything," he said in response to the deflation argument. "I buy gold, I don't know what else to buy."

    "Faber prefers to be invested in stocks rather than government bonds at this moment, because bonds have had a period in which they out-performed stocks and from now on, he predicted that bond yields will rise.

    "Stocks are "in a correction phase" and got very oversold two weeks ago, he said, adding that 1,170 points was the S&P's resistance level. Indexes are unlikely to hit the lows of March 2009 again in the near future, according to Faber."

    Government Expanded 'Like a Cancer': Marc Faber


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    Default Re: Marc Faber

    Stocks in a corrective phase? Not what I was expecting to read when I clicked this thread. Ha, I was expecting a gold 5,000 call.

    The bond yields rising is hardly an original thought though and in line with main street opinion. Going back one year ago I was pretty confident we'd see inflation by now, but it's looking more like deflation lately. I compare it all to a rubber band or a giant tub of water sloshing back and forth. Targets always seem to overshoot one way or the other and then snap back in an unexpected manner. We probably will see inflation again in a year or two, but first the housing market needs to stabilize without gov't intervention.

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    Default Re: Marc Faber

    Doom and Gloomer Marc Faber's latest...

    "The markets are going to go into meltdown soon, so expect stocks to lose 20 percent of their value, Marc Faber, author of the Gloom, Boom and Doom report told CNBC on Tuesday."

    “The market is going down because corporate profits will begin to disappoint, the global economy will hardly grow next year or even contract, and that is the reason why stocks, from the highs of September of 1,470 on the S&P, will drop at least 20 percent, in my view.”

    “I think we lived beyond our means from 1980 to 2007, and now it’s payback period.”

    Marc Faber: Prepare for a Massive Market Meltdown
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    Default Re: Marc Faber

    Wellllll, he has a point when he says, 'I think we lived beyond our means....' As a father to a teenage daughter, I am constantly getting bombarded with, why can't I have an i-phone/ipad/macpro etc. Yeah, I know I'm the only one getting that.

    Quote Originally Posted by tsptalk View Post
    Doom and Gloomer Marc Faber's latest...

    "The markets are going to go into meltdown soon, so expect stocks to lose 20 percent of their value, Marc Faber, author of the Gloom, Boom and Doom report told CNBC on Tuesday."

    “The market is going down because corporate profits will begin to disappoint, the global economy will hardly grow next year or even contract, and that is the reason why stocks, from the highs of September of 1,470 on the S&P, will drop at least 20 percent, in my view.”

    “I think we lived beyond our means from 1980 to 2007, and now it’s payback period.”

    Marc Faber: Prepare for a Massive Market Meltdown

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    Default Re: Marc Faber

    Agree. Things have sure changed in the last 30-50 years. Technology has made our lives so much easier, and if kids don't have the latest gadget, they're outcast. When I was in Jr. high, sneakers were the status symbol.
    PLANO likes this.

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    Default Re: Marc Faber

    Quote Originally Posted by tsptalk View Post
    Doom and Gloomer Marc Faber's latest...

    "The markets are going to go into meltdown soon, so expect stocks to lose 20 percent of their value, Marc Faber, author of the Gloom, Boom and Doom report told CNBC on Tuesday."
    20% to 1175? Fear is ease to sell...

    ggggggggggggggggggg.png
    Sensei likes this.

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    Default Re: Marc Faber

    Doom and gloomer, at it again...

    Marc Faber: The asset bubble has begun to burst

    "For Marc Faber, editor of the Gloom, Boom & Doom Report, the answer is clear. In fact, he says the bubble may already be bursting."

    Marc Faber: The asset bubble has begun to burst

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    Default Re: Marc Faber

    One day we will see Faber get very bullish. I hope I live long enough

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    Default Re: Marc Faber

    Here a bubble, there a bubble: Ol' Marc Faber

    [Video and article] Here a bubble, there a bubble: Ol' Marc Faber


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