Marc Faber’s Outlook on QE2, Stocks, the Dollar, and Commodities

Marc Faber’s Outlook on QE2, Stocks, the Dollar, and Commodities

Marc Faber was a guest on Bloomberg last week – October 26 to be precise.  He gave his outlook for stocks, QE2, and how the upcoming elections will weigh on the markets:

Some quick takeaways:

  • The market has gone from a pessimistic low of almost 1000 to nearly 1200 – and he believes a lot of QE2 has already been discounted
  • He believes anything under $1 trillion (for QE2) will probably disappoint the markets
  • He does think a correction is overdue, but doesn’t think the bear market is around the corner – he’s holding out the potential for a final “crack up” boom

Hat tip ZeroHedge

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