Faber on how long his view of the market is

Marc Faber : “I think a lot of people will say the markets formed a double low and we have some technical indicators that are going to turn positive, so we could rally around 1,250, but as I said before, for me, we reached a high on May 2, 2011. 1,370 on the S&P–that we will not go through. My view is you have a lot of people with strategies that are very bullish. They have a yearend target of around 1,400-1,450 on the S&P. Then you have the super bear. I think both camps will be disappointed.”



Contrarian Investor Dr.Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.

Marc Faber asset allocation

Marc Faber : coming back to your question about the asset allocation , I would hold 25 to 30 percent in Equities , 20 to 30 percent in physical Gold , I would own some bonds and cash and I would own say 25 to 30 percent in real estate which people could own by owning say Asian real estate companies including REAPs - in CNBC




Contrarian Investor Dr.Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.

My Favorite Investment Remains Gold

Marc Faber : So, you are probably better off in equities than in bonds. My favorite investment remains gold. As it happens, the gold price is coming down, and I hope it will drop $100 or $200. Not necessarily a prediction. I think we will go down in a correction because there has been too much enthusiasm recently. - in Beacon Equity



 
Contrarian Investor Dr.Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.

Marc Faber : I dont trust anyone

Marc Faber : "I think it's important in today's very uncertain world to diversify not only the various asset classes, in other words equities, bonds, gold, real estate and also the custody of your assets should be in different jurisdiction , I don't trust anyone" - in CNBC 23 Aug 2011



  Contrarian Investor Dr.Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.

I am as bearish as the greatest bear is

Marc Faber : if you compare treasury bond yields and equities , Equities look reasonably attractive compared to treasuries , I think we will have zero and below zero interest rates for the next ten years in the real terms in other words inflation adjusted , to keep money in cash is a disaster for the next ten years , and finally the mood is so negative right now , as a contrarian you do not take a huge short position when people are as bearish as they are now , and when insider buying has peaked up as much , but believe me I am as bearish as the greatest bear is , it just that I do not believe that stocks will implode - in Bloomberg 




Contrarian Investor Dr.Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.

As a contrarian you do not take a huge short position when people are as bearish as they are now

Marc Faber : if you compare treasury bond yields and equities , Equities look reasonably attractive compared to treasuries , I think we will have zero and below zero interest rates for the next ten years in the real terms in other words inflation adjusted , to keep money in cash is a disaster for the next ten years , and finally the mood is so negative right now , as a contrarian you do not take a huge short position when people are as bearish as they are now , and when insider buying has peaked up as much , but believe me I am as bearish as the greatest bear is , it just that I do not believe that stocks will implode - in Bloomberg 



 
Contrarian Investor Dr.Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.

The Treasury market is a disaster waiting to happen

Marc Faber : All I am saying is I am very bearish. I think we will have inflation. I think the Treasury market is a disaster waiting to happen. I think the economy will slow down. They’re going to print money and we will go to war at some stage somewhere. - in Beacon Equity 



Contrarian Investor Dr.Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.

Hold physical gold in a safe deposit box, ideally outside the US

Marc Faber : I prefer if investors hold physical gold in a safe deposit box, ideally outside the US, in various locations...Switzerland, Singapore, Hong Kong, Australia, Canada...I think it’s important in today’s very uncertain world to diversify, not only the various asset classes...but also the custody of your assets should be in different jurisdictions.




Contrarian Investor Dr.Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.

Gold is the most honest form of Cash

Marc Faber : People should buy gold today because there is a huge run in precious metals recently and I think they need to consolidate and shake out the weak holders, , everyone should hold some gold because it is a form of cash. Gold is the most honest form of Cash



Contrarian Investor Dr.Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.

Copper is likely to come down but I would not bet too heavily on it

Marc Faber : copper is likely to come down but I would not bet too heavily on it because it takes a long time to bring on additional copper mines , and unless the Chinese economy collapses the demand for copper will stay relatively high , but if the Chinese economy collapses and Jim Chanos is right then you want to be short not only copper you want to be short everything !  - in Bloomberg



Contrarian Investor Dr.Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.

We Can Rally For A While

Marc Faber : We had rally from the low on the ninth of August at 1,101 on the S&P to almost 1,200. Then we came right down again. Basically we did not make new lows. And now I think we can rally again for a while. I think a lot of people will say the markets formed a double low and we have some technical indicators that are going to turn positive, so we could rally around 1,250, but as I said before, for me, we reached a high on May 2, 2011. 1,370 on the S&P–that we will not go through. My view is you have a lot of people with strategies that are very bullish. They have a year end target of around 1,400-1,450 on the S&P. Then you have the super bear. I think both camps will be disappointed. - in Bloomberg.com




 
Contrarian Investor Dr.Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.

Bernanke will say that they are monitoring the situation

Marc Faber : I think what Bernanke will say is that they are monitoring the situation, and they will take ‘appropriate measures’ when they are required. To some extent we are in midst of QE3 already, because by announcing the Fed will keep zero interest rates until the middle of 2013, they basically encourage financial institutions to borrow short-term and to buy 10-year Treasuries.  - in Bloomberg




Contrarian Investor Dr.Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.

Marc Faber on The Squawk Box CNBC 23 Aug 2011

People should buy gold today because there is a huge run in precious metals recently and I think they need to consolidate and shake out the weak holders, Dr. Marc Faber , author editor and publisher of the Gloom, Boom, and Doom Report, who adds that everyone should hold some gold because it is a form of cash. He also weighs in on emerging economies, saying the individual household is not highly leveraged as most in the western world are.

Marc Faber :"I'm not certain that people should buy gold today because we have a huge run in precious metals recently and they need to consolidate or shake out the weak holder. I would expect the correction in gold to occur. I think that everybody should have some gold if they want to own some cash because gold is the most honest form of cash people can own" "well, it's (ETFs) a claim on physical gold. i prefer if investors hold physical gold in a safe deposit box ideally outside of the u.s. in various locations, Switzerland, Singapore, Hong Kong, Australia, Canada. " "I think it's important in today's very uncertain world to diversify not only the various asset classes, in other words equities, bonds, gold, real estate and also the custody of your assets should be in different jurisdiction , I don't trust anyone"
Contrarian Investor Dr.Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.

Marc Faber : the S&P Wont Surpass 2011 High of About 1,370 - 23 Aug 2011

Aug 23 2011 Bloomberg -- Marc Faber, publisher of the Gloom, Boom & Doom report, talks about global financial markets, commodities and investment strategy. Faber speaks with Carol Massar and Matt Miller on Bloomberg Television's "Street Smart."

Contrarian Investor Dr.Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.

Bloomberg TV Carol Massar and Matt Miller talk to Marc Faber

Marc Faber, publisher of the Gloom, Boom & Doom report, talks about global financial markets, commodities and investment strategy. Faber speaks with Carol Massar and Matt Miller on Bloomberg Television's "Street Smart."


<iframe width="360" height="300" src="http://www.youtube.com/embed/MvK5qxgETCg?rel=0" frameborder="0" allowfullscreen></iframe>
Contrarian Investor Dr.Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.

Gold Price Trend Is Up, But Near Term It Can Drop

I am not sure how high the price of gold or silver will increase but when I consider the further inevitable growth of the US and other governments’ debts, the creation of paper money in the world and especially at the low gold ownership rate in the world, I am confident that the price trend of gold is up. (But) near term I think the price could drop. - in The Jakarta Globe

Contrarian Investor Dr.Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.

If The S&P Goes To 1000 Or So, The Fed Will Pump Money Into The System Again

Basically we have a lot of volatility. As you know over the last 12 months the S&P 500 Index rose from 1010 on July 1st, 2010 to a peak on May 2nd of 1370. Then we dropped to 1101 and now we are at 1178. So we have a lot of volatility. I think the market may rebound somewhat more here because we are very oversold and some technical indicators have turned positive including insider buying. But in general I think it will be extremely difficult for stocks to make a new high and after this rebound I think we will drift lower. Not to say that we will collapse because if the S&P 500 Index drops to 1000 or so, the Fed would certainly pump again money into the system. - in Fox Business News,

Contrarian Investor Dr.Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.

10 - 30 Year US Treasuries Are A Suicidal Investment

It’s a suicidal investment to own 10-year or 30-year U.S. Treasuries. U.S. government bonds are junk bonds. As long as they can print, they can pay the interest. But another way to default is to pay the interest and principal in depreciating currency.- in MarketWatch.com

Contrarian Investor Dr.Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.

There Will Be Many More Takeovers And Industry Consolidation In The Years Ahead

The corporate sector is not spending much money on capital investments and new investments — that’s why they have this huge hoard of cash. There will be many more takeovers and industry consolidation in the years ahead. It destroys jobs, but this is what will happen. As industries consolidate, they get more pricing power, and the cost of living increases. - in MarketWatch, Aug 19

Contrarian Investor Dr.Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.

Paper Money Has Lost Its Value. Hyperinflation Is The Pattern To Come.

It would be very dangerous to say "I don’t trust stocks, gold, real estate, I want to keep my money in cash. That’s a way to end up losing a lot of money... We’re in a paradoxical situation where under a traditional monetary system the safest places are cash, Treasury deposits, government bonds. Nowadays, they have been made by monetization into the most unsafe assets from a longer term perspective. Weak economies usually have higher inflation rates than stronger economies. In weak economies you have loose fiscal policies and money printing. And the U.S. is the world champion in loose monetary policies. I don’t believe a single word of what the Bureau of Labor Statistics is printing about inflation figures. Paper money has lost its value. Hyperinflation is the pattern to come. - in MarketWatch.com

Contrarian Investor Dr.Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.

Long-term U.S. Treasuries are of no value

Marc Faber : Gold is likely to correct, possibly by $100 or $150, but I continue to recommend gradual accumulation. As long as the trio of Obama, [U.S. Treasury Secretary Timothy Geithner] and Bernanke are in power, gold is destined to move higher. Long-term U.S. Treasuries are of no value. They will default by paying interest in a worthless currency. - in Baron's Blog 



Contrarian Investor Dr.Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.

I am not completely bearish about stocks

Marc Faber : “I am not completely bearish about stocks ” . “If I have cash, government bonds and stocks, for the long term, I’d take stocks.” Just not necessarily U.S. stocks.  “My assumption is that March 2009 was a major low, and that we will not go back below that low,”  “Can we go to 900 on the S&P? Yes.” But as the S&P 500 slides closer to 1000, the Federal Reserve could step in with a third round of stimulus for investors to cheer, Faber said. Fed action, he noted, “may not lift stock prices to new highs, but it may stabilize them. If you print money, stocks will not collapse.”




Contrarian Investor Dr.Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.

Likely there will be some wither official or unofficial type of QE3 and QE4

Marc Faber interviewed by Bloomberg TV on 19th August 2011 -  " well actually it may not ( The treasurys bubble) burst for a while because obviously the FED will keep short term rates at close to zero for extended period of time and likely there will be some wither official or unofficial type of QE3 and QE4 , but in my view an investor who today buys a ten year treasury with this kind of yield it is today at 2.08 percent is not going to make any money in the next ten years either because yields will go much higher or because the dollar will go much lower "




Contrarian Investor Dr.Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.

Gold is worth its weight

Marc Faber : “Intelligent people, instead of holding cash in U.S. dollars with zero interest rates, why not hold money in gold and silver?”   - in Barron's Blog




Contrarian Investor Dr.Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.

Emerging markets will expand

Marc Faber : “I can buy you a portfolio of high-dividend stocks in Asia that would have a yield of 5% to 7% … The banks in Asia are in a very solid position. All these are a play on the recovery in the stock market in Japan.”   - in Barron's blog



Contrarian Investor Dr.Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.

Stocks offer some safety

Marc Faber : “My assumption is that March 2009 was a major low, and that we will not go back below that low.”  - in Barron's Blog



Contrarian Investor Dr.Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.

Cash is Trash

Marc Faber : Cash is trash. “Paper money has lost its value. Hyperinflation is the pattern to come.” - in Barron's blog 


 
Contrarian Investor Dr.Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.

Avoid Treasuries

Marc Faber : “The dollar may rally somewhat, but clearly in the long run the dollar and other paper currencies — the euro is not much better — will have a depreciating tendency vis-a-vis honest money: gold and silver.”   - in The Barron's Blog



Contrarian Investor Dr.Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.

You are better off in equities than in government bonds and cash

Marc Faber : “If you’re bearish about the world, you’ll probably be better off in equities than in government bonds and cash.”


Contrarian Investor Dr.Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.

Financial conditions are today worse than they were prior to the crisis in 2008

Marc Faber : Financial conditions are today worse than they were prior to the crisis in 2008, The fiscal deficits have exploded and the political system [in both the U.S. and Europe] has become completely dysfunctional. - in Market Watch



 
Contrarian Investor Dr.Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.

I think the market may rebound somewhat more here because we are very oversold

Marc Faber : Basically we have a lot of volatility. As you know over the last 12 months the S&P 500 Index rose from 1010 on July 1st, 2010 to a peak on May 2nd of 1370. Then we dropped to 1101 and now we are at 1178. So we have a lot of volatility. I think the market may rebound somewhat more here because we are very oversold and some technical indicators have turned positive including insider buying. But in general I think it will be extremely difficult for stocks to make a new high and after this rebound I think we will drift lower. Not to say that we will collapse because if the S&P 500 Index drops to 1000 or so, the Fed would certainly pump again money into the system. - in Fox Business News 




Contrarian Investor Dr.Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.

I am confident that the price trend of gold is up

Marc Faber : I am not sure how high the price of gold or silver will increase but when I consider the further inevitable growth of the US and other governments’ debts, the creation of paper money in the world and especially at the low gold ownership rate in the world, I am confident that the price trend of gold is up. (But) near term I think the price could drop. - in The Jakarta Globe


 
Contrarian Investor Dr.Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.

Stocks measured by prize earning ratios and considering that probably the economy will be weakening and that corporate profit may disappoint may not be quite as cheap as all the strategists claim

Marc Faber : well basically we have a lot of volatility as you know the last 12 months the S&amp;P rose from 1010 on July 1st of 2010 to the peak of May 2nd of this year 1370 and then we dropped four days ago to 1101 and now we are at 1178 so we have a lot of volatility as in the market may rebound somewhat more because we are very oversold and some technical indicators have turned positive including also insider buying , but in general I think it will be extremely difficult for stocks to make a new high and after this rebound I think we'll drift lower it is not to say that we will collapse because if the S&amp;P dropped to around a thousand or so the FED will certainly pump again money into the system the concept of valuation is very difficult to make when you have zero interest rates , I can make a case that actually the price of Gold is still undervalued compared to say to mi 1990s when it was traded at 400 dollars , so it is very difficult to say what is valued in this environment is a Picasso a good value or is it over valued ? I don't know but stocks measured by prize earning ratios and considering that probably the economy will be weakening and that corporate profit may disappoint may not be quite as cheap as all the strategists claim I believe all the central banks in the whole world will print money and that eventually we will have symptoms of inflation they may not necessarily all be consumer based prices they can be manifesting themselves with insurance premiums going up with transportation going up energy price going up food prices going up educational costs going up these are inflation measures also and the weakening of the US Dollar that happened , now near term the US Dollar can rebound somewhat , possible but in the long run it is simply a doomed currency that's where the doom comes in  - in Fox Business News



Contrarian Investor Dr.Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.

I would rather buy equities today

Marc Faber : If you think it through US debt downgrade should actually lead to weaker US Bond prices , yet yesterday and to day in Asia stocks are selling off and US government bonds rallied , but I always said , if you print money you are a serial bubble printer a bubble maker , you create one bubble after the other in different asset classes , and I think today to buy a thirty year US government bond is at a yield of 3.65 percent and a ten years bond at a yield of 2.31 percent , I would rather buy equities today but I think after a rebound we are going to go lower because the momentum is now very strong on the downside and I believe there is a loss of confidence in paper money and money is moving out of paper into Gold - in CNBC TV-18 



Contrarian Investor Dr.Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.

Zero interest rates is the problem

Marc Faber : The problem with the Federal Reserve policy of essentially zero interest rates is that they are essentially throwing money at the system, but they don’t control where the money will flow to. It can flow at some point into commodity-related stocks. It can flow into gold, oil, treasuries, but it doesn’t flow evenly into these assets. In my opinion, the Treasury, the long-dated Treasuries are essentially the short of the century thing here. - in Bloomberg 



 
Contrarian Investor Dr.Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.

I think we will test the July lows of last year, the S&P at 1,010

Marc Faber : “I think they did the right thing that they didn’t allow QE3. They can watch the reaction of assets, whether they will go lower. I think the market is more likely to move still lower. We are very oversold. We can have a rebound like we did today, maybe we’ll have a rebound next week or so, but in general I think we will test the July lows of last year, the S&amp;P at 1,010. After that, probably we’ll get probably a QE3 announcement.”  - in Bloomberg



Contrarian Investor Dr.Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.

Marc Faber - FOX Business News 08/12/11

Marc Faber : well basically we have a lot of volatility as you know the last 12 months the S&P rose from 1010 on July 1st of 2010 to the peak of May 2nd of this year 1370 and then we dropped four days ago to 1101 and now we are at 1178 so we have a lot of volatility as in the market may rebound somewhat more because we are very oversold and some technical indicators have turned positive including also insider buying , but in general I think it will be extremely difficult for stocks to make a new high and after this rebound I think we'll drift lower it is not to say that we will collapse because if the S&P dropped to around a thousand or so the FED will certainly pump again money into the system the concept of valuation is very difficult to make when you have zero interest rates , I can make a case that actually the price of Gold is still undervalued compared to say to mi 1990s when it was traded at 400 dollars , so it is very difficult to say what is valued in this environment is a Picasso a good value or is it over valued ? I don't know but stocks measured by prize earning ratios and considering that probably the economy will be weakening and that corporate profit may disappoint may not be quite as cheap as all the strategists claim I believe all the central banks in the whole world will print money and that eventually we will have symptoms of inflation they may not necessarily all be consumer based prices they can be manifesting themselves with insurance premiums going up with transportation going up energy price going up food prices going up educational costs going up these are inflation measures also and the weakening of the US Dollar that happened , now near term the US Dollar can rebound somewhat , possible but in the long run it is simply a doomed currency that's where the doom comes in




Contrarian Investor Dr.Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.

QE1 and QE2 were useless

Marc Faber : What has QE1 and QE2 done for the labor markets? Nothing at all. It’s done nothing for the housing markets. It’s lifted stocks and it created wider wealth inequality in a sense that people who own assets have done very well, and people that are the lower-income recipients groups, they are hurt by rising energy prices  and food prices - in Bloomberg

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Contrarian Investor Dr.Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.

The Treasury market is in a bubble

Marc Faber : I personally think the Treasury market , the long-dated, are a bubble and it will be one of the worst investments for the longer term if you buy a 10-year, a 30-year U.S. Treasury so I’m a bit puzzled that Treasuries are now yielding, are essentially near record lows. I would rather sell Treasuries. - in WallStCheatSheet




Contrarian Investor Dr.Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.

the market has sold off in such a rapid way and with so much momentum that I am smelling as if something really wrong happens in the next two or three months

Marc Faber : “The only thing I have to say, basically the market has sold off in such a rapid way and with so much momentum that I am smelling as if something really wrong happens in the next two or three months, because the market is a discounting mechanism. Like March 2009 the market started to go up and people were baffled why it started to go up. Now it starts to go down, and maybe after three months people will wake up and scratch their heads and say now, we know why it started to go down, because maybe there is geo political problems, maybe the Middle East blows up, maybe the economy is horrible.” - in bloomberg



Contrarian Investor Dr.Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.

Gold not in a bubble

Marc Faber : “I don’t think it is a bubble, but I think the gold market has exploded to the upside recently and the correction is overdue. But as I have always maintained for the last 12 years, every responsible adult should gradually accumulate gold, because not owning any gold is the trouble with government. I don’t understand. People of Bloomberg, I hardly know anyone who owns any gold physically. All of the Bloomberg employees are intelligent people. They listen to the news every day. They make the news every day. Hardly anyone owns any gold.”



Contrarian Investor Dr.Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.

The Treasury market is another example of a gigantic bubble

Marc Faber : “I’ve been in this business for 40 years and on many occasions, nothing made sense to me….I think the Treasury market is another example of a gigantic bubble. The problem with the Federal Reserve policy of essentially zero interest rates is that they are essentially throwing money at the system, but they don’t control where the money will flow to. It can flow at some point into commodity-related stocks. It can flow into gold, oil, treasuries, but it doesn’t flow evenly into these assets. In my opinion, the Treasury, the long-dated Treasuries are essentially the short of the century thing here.”  - in Bloomberg




Contrarian Investor Dr.Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.

I hardly know anyone who owns any gold physically

Marc Faber : “I don’t think it is a bubble, but I think the gold market has exploded to the upside recently and the correction is overdue. But as I have always maintained for the last 12 years, every responsible adult should gradually accumulate gold, because not owning any gold is the trouble with government. I don’t understand. People of Bloomberg, I hardly know anyone who owns any gold physically. All of the Bloomberg employees are intelligent people. They listen to the news every day. They make the news every day. Hardly anyone owns any gold.” - in Bloomberg

 


Contrarian Investor Dr.Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.

What can you do with Gold ?

Marc Faber : “I disagree [that you can't do anything with gold.] You give your girlfriend copper rings and I give them gold rings and I keep them longer.” - in Bloomberg

Contrarian Investor Dr.Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.

the Fed is underestimating the severity of the coming economic downturn

I think the Fed is underestimating the severity of the coming economic downturn. Essentially they spent their bullets. It is very difficult to follow through with QE3 right here, because you have gold prices going ballistic, and you have the dollar being very weak, and so there are unintended consequences with implementing QE3 right here. - in Bloomberg

Contrarian Investor Dr.Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.

Everybody in the world has become a Keynesian

Everybody in the world has become a Keynesian. Everybody thinks the government should do this, the Fed should do that, the Treasury should do that. I think sometimes the best is to do nothing. - in Bloomberg

Contrarian Investor Dr.Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.

The Market Has Sold Off In Such A Rapid Way With So Much Momentum That I Am Smelling As If Something Really Wrong Will Happen In The Next 2 or 3 Months

The market has sold off in such a rapid way with so much momentum that I am smelling as if something really wrong will happen in the next two or three months. Because the market is a discounting mechanism...in March 2009, the market went up and people were baffled by that. And now it goes down, and maybe in three months, people will wake up scratch their head and understand why... - in Bloomberg Contrarian Investor Dr.Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.

The best thing The FED could do for the market would be to collectively resign

Marc Faber : ....actually the best thing they could (The FED ) do for the market would be to collectively resign , this is my view ...everybody in the world have become a Keynesian everybody thinks the government should do this the government should do that the FED should do this the Treasury should do that , I think sometimes the FED should do nothing and I welcome the decision today that they are not doing anything worse of what they have already done ... - in Bloomberg TV 09 Aug 2011 


 
Contrarian Investor Dr.Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.

Bloomberg Video Interview 08 Aug 2011

Marc Faber Bloomberg Video Interview 08 Aug 2011

Marc Faber, publisher of the Gloom, Boom &; Doom interviewed by Bloomberg Television on August 08th 2011 about the US Downgrade by the S&P Faber speaks from Chiang Mai, Thailand, :

Marc Faber : ...S&P basically downgraded a junk bond because it is no longer a triple A , a government bond has a triple A rating when it is willing to pay the interests in a stable currency we are not dealing in this particular case the US Dollar with a stable currency The rating agencies are looking backward and not forward , The US fiscal position is a disaster if you include non funded liabilities and some kind of default will occur , now there are two ways a government can default , it can default by not paying the interests and restructuring its debt as happened in Argentina and in other countries repeatedly , or it can repay the interests and the debt in a depreciated currency , all currencies all paper money are losing value in terms of their purchasing power and of course the Us Dolar is losing more of its purchasing power than other currencies " I do not think the market will make new highs this year , I think the market is incredibly over sold , it is quite likely that we may bottom out today or tomorrow and have a rally .....I can smell QE3 , QE4 and many more Contrarian Investor Dr.Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.

I will be using the rebound as a selling opportunity

Marc Faber : the markets has experienced everywhere huge technical damage and near term as of today all markets are extremely extremely oversold , so rebound is going to happen today or tomorrow I mean on Monday but the damage technically is so great that the rebound no matter if QE3 happens right here it's unlikely to left the market above May 2nd High on the S&P at 1370 my near term target for October November will be something like 1150 on the S&P , then we will have to see if QE3 or QE4 will come and whether the market will stabilize , generally I will be using the rebound as a selling opportunity- in CNBC




Contrarian Investor Dr.Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.

Marc Faber CNBC Video Interview 05 Aug 2011

Marc Faber : the markets has experienced everywhere huge technical damage and near term as of today all markets are extremely extremely oversold , so rebound is going to happen today or tomorrow I mean on Monday but the damage technically is so great that the rebound no matter if QE3 happens right here it's unlikely to left the market above May 2nd High on the S&P at 1370 my near term target for October November will be something like 1150 on the S&P , then we will have to see if QE3 or QE4 will come and whether the market will stabilize , generally I will be using the rebound as a selling opportunity



Contrarian Investor Dr.Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.

Markets extremely oversold - Bloomberg Video Interview

Marc Faber Interview on Global Financial Markets : Marc Faber, publisher of the Gloom, Boom & Doom report, talks about global financial markets. Faber also discusses Federal Reserve monetary policy. He speaks from Zurich Switzerland about the DOW plunging 500 points


Marc Faber : ...I am telling you the world is mad the investors they do not understand that markets are volatile and that they have to be prepared to see stocks dropping 30 percent annually and rally 20 percent and then dropp 30 percent that should be the pattern and whoever can't live with that he shouldn't be buying anything at all

Contrarian Investor Dr.Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.

I live in Thailand and I do not have any insurances

Marc Faber : whether a country pays healthcare or not does not really matter because the Chinese citizens themselves put money aside that's why savings rate is high for their retirement for their healthcare for for their social security , the problem in the western world is that people set there and say Papa government will take care of me and everything , they have have abandoned personal responsibility for their actions , everything is insured , I live in Thailand I do not have any insurances If something goes wrong I have to pay myself and that's why I put reserves on the side and I pay low taxes , and so it is a different system you cannot just condemn China because they do not have healthcare that is run by the government lucky they do not have that , that's what should happen in America they should cut government expenditure precisely fifty percent and fire half the government including the president - in CNBC


Contrarian Investor Dr.Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.

In Asia the people have much more freedom

Marc Faber : I am not a great sympathizer of the tea party movement because I think they are too intolerant , look in Asia abortion is never discussed , it is not a subject that is of importance we believe it is up to the individual to decide and take personal responsibility for his life it has its disadvantages but it has many advantages , I have lived in Asia since 1973 , I think we don't have democracies in the sense of the western world but the people have much more freedom - in CNBC

Contrarian Investor Dr.Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.

The bear market is starting

Marc Faber : The bear market is starting. When you compare equities to bonds and cash I don't think equities are very positive - in CNBC


Contrarian Investor Dr.Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.

The Treasury market is telling you that the economy is in recession

Marc Faber : The Treasury market is telling you that the economy is in recession. So if the bond market is telling you that the economies of the Western world are weakening, but at the same time the stock market is still relatively high, I think the stock market is vulnerable. - in CNBC


Contrarian Investor Dr.Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.

The Politicians Are All Useless Individuals

"The politicians are all useless individuals. Nobody is reducing the problems in the US or Europe, just putting on a band aid and postponing the problems endlessly." - in CNBC


Contrarian Investor Dr.Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.

If China slows down , it could trigger a vicious cycle on the downside

Marc Faber : If Chinese growth really slows down or if they have a crash... it could trigger a vicious cycle on the downside and I would say there is a fairly good chance that this could happen. This would be really something the world's central bankers wouldn't be able to help with printing money. - in CNBC



Contrarian Investor Dr.Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.

The US Economy May Surprise On The Downside

Marc Faber : Some analysts think that there's a chance economic data will surprise on the upside but I think, if anything, it will be on the downside.- in CNBC

Contrarian Investor Dr.Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.

I am ultra bearish about everything

Marc Faber : I do not think it will be a trade war , I believe and that's why I am ultra bearish about everything , that being ultra bearish about everything I think you better off in equities than in bond or in cash probably the best will be in precious metals - in CNBC

Contrarian Investor Dr.Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.

The Libyan expedition is the first shot in a global war

Marc Faber : I see that ten years ago a huge shift in the balance of the economic power begun from the western world notable from the US and western Europe to Asia and emerging economies , we have today in the goods market I am not talking about services because services are very difficult to measure but in the goods market the emerging economies are much much larger than western Europe and the US even combined , so this shift in the balance of economic power to emerging economies is accompanied by a shift in political and military power and that the west will not just set there and do nothing , I mean the Libyan expedition is the first shot , I think the western world want to control China by controlling the oil supplies from the middle east and then it will come to war and in war times the one thing you do not want to is in the US government debt bonds equities will do OK and precious metals and some commodities will do very well but I would prepare for the worst but when you think it is true in the worse scenario you do not want to be in Cash US Dollars and in the US Government bonds
- in CNBC

Contrarian Investor Dr.Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.

China Bubble Poses Global Risk

"If Chinese growth really slows down or if they have a crash... it could trigger a vicious circle on the downside and I would say there is a fairly good chance that this could happen," Marc Faber, managing director, editor and publisher at The Gloom Boom & Doom Report told CNBC. "This would be really something the world's central bankers wouldn't be able to help with printing money," he added.



Contrarian Investor Dr.Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.

The Bear Market Is Starting

"The bear market is starting. When you compare equities to bonds and cash I don't think equities are very positive," Faber said in an interview with CNBC
"The Treasury market is telling you that the economy is in recession," said Faber. "So if the bond market is telling you that the economies of the Western world are weakening, but at the same time the stock market is still relatively high, I think the stock market is vulnerable."
"The politicians are all useless individuals. Nobody is reducing the problems in the US or Europe, just putting on a band aid and postponing the problems endlessly," he said.
"Some analysts think that there's a chance economic data will surprise on the upside but I think, if anything, it will be on the downside," Faber added.
Faber argues that China disappointing "is a much bigger risk for the global economy than the US because the US is no longer a major commodities buyer"
"If commodity prices are falling, then commodity producers will buy fewer goods from China," he pointed out. "This is something that the world central bankers can't deal with."
"What surprises me more is actually the strength of the euro and that it has not collapsed yet," he said
"I would have chucked out Greece three years ago, straight away, and it would have been much cheaper," Faber said.


Contrarian Investor Dr.Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.