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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