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Stocks entering three-month correction phase says Marc Faber
Posted on 07 March 2011 with 2 comments from readers
Oil prices are rocketing, but where will the flow of money go next? Emerging market outperformance is history. This is the start of a three month correction phase for stocks says Dr Marc Faber. The US dollar and bonds will rally.
But US stocks will go down by less than emerging markets. He’s always been a fan of precious metals and they are still in an uptrend but Faber warns elsewhere that gold is also vulnerable to a correction in a big sell-off.
Posted on 07 March 2011
Categories: Banking & Finance, Global Economics, Gold & Silver, Investment Gurus, Oil & Gas, US Dollar, US Stocks, Video Channel
2 Comments posted by readers:
Faber half in the bag, is still clear. The US is peaking, markets will go lower.
Loose money is hurting the majority of the population, the lower class and the middle class. Which class is missing?
“How do you push against the optimism of half a century?”
Agreed, let’s give America a half a century in the book.
Pay attention to the host’s point of view. He represents the past.
Interesting that Bloomberg News Caption Dept doesn’t know the difference between “led” and” lead”. Not a good sign.