Marc Faber spend yesterday talking to both CNBC and Bloomberg
Marc Faber for me have always been pretty over the top. Headline grabbing. But listen to what he says carefully and you find that he does spot bullish intermediate change in trend pretty well.
- Market not oversold anymore
- Earnings may disappoint
- Stocks could go up but not as powerful as Q1
- Contrarian indicators such as short position are very shallow
- 6 months you can buy the market much cheaper
- QE3 need to be greater than QE1 and 2
- He called to increase position in Oct/Nov but not to short, just reduce position
- Gold correction may not be over
- You depend on price appreciation not cash flow for gold. He still stick to his emerging market stocks
Marc Faber’s CNBC interview can be viewed here
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matt
Wednesday 4th of April 2012
I thought the most interesting comment (at the end of his Bloomberg interview) was that only in Asia (particularly in Singapore), can he find decent dividend paying equity names that he'd buy - like those you follow in your dividend tracker.
Drizzt
Wednesday 4th of April 2012
hi matt,
thanks. but even then the stocks on my dividend tracker have not expanded their earnings. we will have to wait for further impertus
Ray
Tuesday 3rd of April 2012
Thanks for the summary