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Marc Faber bearish on September, October
Posted on 24 June 2010 with 1 comment from readers
Marc Faber thinks the summer will be relatively quiet in global stock markets but says to beware another correction in September and October, although he does not expect the lows of early 2009 to be retested.
For once this is more optimistic than the bearish consensus which feels that the second half is doomed to return to recession and that stock markets will very soon anticipate this reversal. It is nice to see Dr Faber smiling but will he be right again this time?
1 Comment posted by readers:
Great article in the Telegraph.co.uk finance section on the coming double dip in the USA, and Ben Bernanke fight to increase the Fed’s balance sheet by ANOTHER $2,600,000,000,000 (yes, that is TRILLION) to try and prevent it.
I’m glad I bought my solar telescope before I read that. I won’t be buying any AT&T just yet. Now if only the Sun would cooperate and generate some interesting prominences and spots. No coronal mass ejections to burn up the electric grid and Internet though.