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Investing and Trading News, with a Contrarian, Sarcastic Twist!


Marc Faber: “I Can Already Smell QE3″

by Brett on August 6, 2011

On Thursday night (here in the US), while Asia was melting down once again, Bloomberg Asia got Marc Faber on the horn – at God knows what time for him in Zurich – to give his take on the current market meltdown.

Faber thought the markets were “extremely oversold”, expecting a potential snapback rally that could go 40-50 pts up on the S&P, though he thinks the highs for the year have been made.

Best part of his interview – one of my all-time favs from Faber – is towards the end, where he says he can “already smell QE3″, and that next few weeks will be important as we’ll see “whether Bernanke is a true money printer, or just an amateur money printer” – ha!

Full interview: Marc Faber tells Bloomberg markets are “extremely oversold”


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