Marc Faber Flips from Bullish to Bearish on Stock Markets, Says SELL
Stock-Markets / Stock Markets 2010 Jan 16, 2010 - 03:45 PM GMTBy: Submissions
A few weeks ago Marc Faber was bullish on stock markets for 2010 but after participating in Barron's round-table discussion this week he has now turned bearish due to too much bullish sentiment, "Everybody was looking for further gains in stocks," he said.
He further elaborates with snippets of information such as years ending in zero and election cycle mid-term years being negative for stocks, as well as some of the leading stocks such as Google are acting heavy and momentum traders could pull their cash quite quickly.
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Comments
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Tim
16 Jan 10, 15:59 |
Faber
So Fabers now got 2 videos, one bullish and one bearish, by the end of 2010 he will remind us of which ever is more correct |
