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Friday, August 5, 2011

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.
MARC FABER BLOG

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