Tuesday, August 7, 2012

CNBC Interview: Marc Faber

Marc Faber sees stocks and other risk assets moving higher in the short term, with the S&P 500 to possibly test 1450, due to negative interest rates in many developed countries and an expansionary monetary policy from central banks around the world.

The headwinds the market faces in the longer term are a slowdown in the global economy and corporate profits disappointing across the board.

He is buying (certain) European shares that in many areas are below the March 2009 lows.

 

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