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Sunday, August 21, 2011

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.

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