Tuesday, June 25, 2013

Markets could fall 20 to 30 percent

Stock markets are oversold in the next ten days on a very short term basis, not just in the US but in other countries as well. The S&P could rebound to 1630 - 1640. 

The highs from May was 1687 and the markets could correct 20 to 30 percent from those highs.

Tuesday, June 18, 2013

Faber wants to thank Ben Bernanke

I own equities, and I should thank Mr. Bernanke. The Fed has been flooding the system with money. The problem is the money doesn't flow into the system evenly. It doesn't increase economic activity and asset prices in concert. Instead, it creates dangerous excesses in countries and asset classes. Money-printing fueled the colossal stock-market bubble of 1999-2000, when the Nasdaq more than doubled, becoming disconnected from economic reality. It fueled the housing bubble, which burst in 2008, and the commodities bubble. Now money is flowing into the high-end asset market—things like stocks, bonds, art, wine, jewelry, and luxury real estate. The art-auction houses are seeing record sales.

Read full text at Marc Faber blog

Thursday, June 13, 2013

Dr Marc Faber likes Vietnamese shares, emerging markets

Marc Faber is thinking about buying Vietnamese shares and also at some point Chinese shares. The good companies in China are also expensive, they are not cheap. 

Dr Faber also talks about his recommendation last November. I said "buy Japanese shares". Since then Japan is up more than seventy percent. He adds "I want to buy more Japan on a setback."

Monday, June 10, 2013

Marc Faber Update: I would take the short side if necessary

There are still stocks that show strength that could continue to appreciate. That momentum could bring a new high possibly around 1700. I wouldn't bet on it. If someone put a gun on my head and said you have to be long or short, I would take the short side.

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