Faber looking for maybe some hard down.
10.06.2010
Stocks Could Experience Some Downside Turbulence In October And November
Dr. Faber says stocks could experience some “downside turbulence” in October and November, with a downside target of no more than 950 on the S&P on the pullback. Any break below 1,000 will rattle the Fed, he says, and rather doubts Federal Reserve Chairman Ben Bernanke will allow further market declines once 1,000 is reached.
At the 1,000 level, “QEII will come in earnest and in big amounts,” says Faber, intimating the Fed’s prerogative of supporting equities (directly, if necessary).
10.12.2010
I Am Ultra-Bearish On Everything
Instead of interest rates going down, they could start to go up, instead of the dollar being weak, it could strengthen. I’m ultra-bearish on everything, but I believe you’ll be better off owning shares than government bonds.
marcfaberblog.blogspot.com |
