Marc Faber Says Don't Buy Stocks, Euro Oversold
Stock-Markets /
Financial Markets 2010
Apr 06, 2010 - 06:18 AM GMT
By: Submissions
Marc Faber Again says Don't Buy Stocks, Says Equities to end lower this year, Does not expect Stocks to make new highs, and expects a 20% correction.
Euro is very oversold short-term, should go to 1.40.
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Comments
Anand
09 Apr 10, 11:23
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Mc Faber
Faber says don't buy stock, buy gold. But when gold was bought, it went to $1050. When Faber will say buy stock, then DOW will go to 6000.
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12 Apr 10, 12:13
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Re Marc Faber's China comment
China is constructing buildings and other infrastructure in excess and the economy is is danger of crashing according to Marc Faber. I agree with much of Marc Faber's financial advice. But, not this observation. China has huge cash reserves and the county whose cash they hold is in danger of defaulting as Marc has advised. So, in China's view you should up the spending spree, buildings, highways, commodities and anything else of value other than paper. If China were to crash that would be a buying opportunity and I think Marc would be first in line and I would not be far behind.
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