Tuesday, January 8, 2013

Markets look slightly bearish right now

In his latest commentary Marc Faber suggests that the market looks slightly bearish but thinks that the markets could still rally easily because of high cash levels.

"I am mindful that corporations and wealthy individuals are cash rich and since there are very few promising investment opportunities aside from equities, they might one day shift their considerable liquid assets into stocks."

Marc Faber is a famous contrarian investor and the publisher of the Gloom Boom & Doom Report newsletter.

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