January 30, 2013
Marc Faber Video
Marc Faber is a great contrarian investor and publisher of the Gloom Boom & Doom Report. He is well known for his accurace predictions of stock market crashes and other correct calls on different investment assets.
Marc Faber: Enjoy while you stock rise
The euphoria of investors pushing prices up, but soon the mood may change. This analyst Marc Faber warns in an interview with CNBC.
He said the rally that lifted the broader index S & P 500 to its highest level since 2007, lost power and may soon be over.
"The market is very svrahizkupen. However it is possible to follow only a mild correction in February, after which the growth to continue, "said Faber.
His opinion is that this year we can see a movement similar to the movement in 1987. Then from January to August market jumped 41 percent, but in October and November, losing 40 percent. This shows that we will probably have high volatility during the year, says Faber.
Generally known for his gloomy predictions Faber rarely speak positively about the market.
The specialist said that currently exempts from its long positions. "In this situation sell. Restrict positions because euphoria gaining strength, "he explains.
"Corporate profits are likely to disappoint this year. Incidentally, there may be geopolitical problems, "said Faber, adding that recently returned from a trip to the Middle East, which is the" melting pot. "
Faber continues to hold a large percentage of its portfolio in shares of gold mining companies. "Buy gold because afraid of a systemic crisis, there will be wars and so on," he said, adding that he is optimistic for markets like Russia, Vietnam and China.
Marc Faber is a great contrarian investor and publisher of the Gloom Boom & Doom Report. He is well known for his accurace predictions of stock market crashes and other correct calls on different investment assets.
January 26, 2013
Marc Faber Fears 1987 Redux As "Markets Will Punish Interventionists"
"Regardless of what the markets do near-term, a correction is overdue," Marc Faber tells Bloomberg TV's Betty Liu. From discussing Europe's 'apparent' stabilization - "anything can go up when you print money"; to US equity exuberance - "a correction is overdue and February is a seasonally weak month"; Faber sees no change from Geithner's handover to Lew as he opines: "The only thing I know is one day the markets will punish the interventionists, the Keynesians and the monetary policy that the Federal Reserve and ECB has enforced because the markets will be more powerful one day. How will this look like? Will the bond market collapse or equity markets become a bubble, which would be embarrassing for the Fed's sake if the U.S. market became a gigantic bubble and at the same time the economy does not recover."
Faber: on whether he agrees with George Soros that Europe has been stabilized:
"It has been stabilized for now, but the big question as he said is the imbalances have not been solved and these could come back and harm the markets and the euro at some point in the future. In terms of stock markets, I have advocated one year ago between April and June of last year to buy European stocks in Portugal, Spain, Italy, Greece and France because they were extremely depressed. Since then, the markets have rallied very sharply. Greece is up from the lows by 100%. That tells you anything can go up when you print money."
On whether he's getting out of European markets:
"Not really because we made the secular low roughly one year ago, but I have argued that it is the time right now to reduce equity positions. I think the markets are at the difficult juncture between overbought and a euphoric state. I am not ruling out that they could go up somewhat more like in 1987, going up 40% between January and August, but we also fell 40% in two months' time. So the gains were wiped out quickly. In March of 2009 we are close to 1500. We had already a huge bull market, and a lot of the good news has been discounted already." On whether there will be a correction on the S&P: "I think regardless of what the markets do, near-term, a correction is overdue and usually February is a seasonally weak month…It will be interesting to see how the correction unfolds."
On why he's not going big on any short in the market:
"The problem with shorting the markets nowadays is that you have this huge intervention by governments. Look at bonds of Italy Portugal and Spain--they rallied last year, there was a huge profit opportunity, and I admit that I missed it, but the profit opportunity came about as a result of government intervention. I feel the markets are -- some people say it is intervention. I can call it manipulation. If manipulation continues, you do not know how far they will go. The only thing I know is one day the markets will punish the interventionists, the Keynesians and the monetary that the Federal Reserve and ECB has enforced because the markets will be more powerful one day. How will this look like? Will the bond market collapse or equity markets become a bubble, which would be embarrassing for the Fed's sake if the U.S. market became a gigantic bubble and at the same time the economy does not recover."
On Tim Geithner's legacy and whether anything will change under Jack Lew:
"I doubt there will be much change. To be fair to Mr. Geithner, he inherited a colossal mess. he is involved in politics and he has to listen to what the politicians want to do. He did an ok job. Where it is not ok is that basically nobody that has committed financial fraud or contributed to the fraud was prosecuted."
Source: Zerohedge
Marc Faber is a great contrarian investor and publisher of the Gloom Boom & Doom Report. He is well known for his accurace predictions of stock market crashes and other correct calls on different investment assets.
Faber: on whether he agrees with George Soros that Europe has been stabilized:
"It has been stabilized for now, but the big question as he said is the imbalances have not been solved and these could come back and harm the markets and the euro at some point in the future. In terms of stock markets, I have advocated one year ago between April and June of last year to buy European stocks in Portugal, Spain, Italy, Greece and France because they were extremely depressed. Since then, the markets have rallied very sharply. Greece is up from the lows by 100%. That tells you anything can go up when you print money."
On whether he's getting out of European markets:
"Not really because we made the secular low roughly one year ago, but I have argued that it is the time right now to reduce equity positions. I think the markets are at the difficult juncture between overbought and a euphoric state. I am not ruling out that they could go up somewhat more like in 1987, going up 40% between January and August, but we also fell 40% in two months' time. So the gains were wiped out quickly. In March of 2009 we are close to 1500. We had already a huge bull market, and a lot of the good news has been discounted already." On whether there will be a correction on the S&P: "I think regardless of what the markets do, near-term, a correction is overdue and usually February is a seasonally weak month…It will be interesting to see how the correction unfolds."
On why he's not going big on any short in the market:
"The problem with shorting the markets nowadays is that you have this huge intervention by governments. Look at bonds of Italy Portugal and Spain--they rallied last year, there was a huge profit opportunity, and I admit that I missed it, but the profit opportunity came about as a result of government intervention. I feel the markets are -- some people say it is intervention. I can call it manipulation. If manipulation continues, you do not know how far they will go. The only thing I know is one day the markets will punish the interventionists, the Keynesians and the monetary that the Federal Reserve and ECB has enforced because the markets will be more powerful one day. How will this look like? Will the bond market collapse or equity markets become a bubble, which would be embarrassing for the Fed's sake if the U.S. market became a gigantic bubble and at the same time the economy does not recover."
On Tim Geithner's legacy and whether anything will change under Jack Lew:
"I doubt there will be much change. To be fair to Mr. Geithner, he inherited a colossal mess. he is involved in politics and he has to listen to what the politicians want to do. He did an ok job. Where it is not ok is that basically nobody that has committed financial fraud or contributed to the fraud was prosecuted."
Source: Zerohedge
Marc Faber is a great contrarian investor and publisher of the Gloom Boom & Doom Report. He is well known for his accurace predictions of stock market crashes and other correct calls on different investment assets.
January 24, 2013
Faber To Shiller: “You Keep Your U.S. Dollars And I’ll Keep My Gold”
“In the worst case scenario, in the systemic failure that I expect, it would still have some value,” Faber, who is also the founder and managing director of Marc Faber Ltd., said today at an event hosted by Evli Bank Oyj in Helsinki.
Faber said his outlook was so bleak that he is “hyper bearish”. He joked that “sometimes I’m so concerned about the world I want to jump out of the window.”
He wisely said that `I advise everyone to have some gold.'
Faber said that he thought there could be a flight out of cash and overvalued bonds and into equities and gold.
In response to a question from Yale University’s Robert Shiller querying the recommendation to hold gold, Faber said: “I’m prepared to make a bet, you keep your U.S. dollars and I’ll keep my gold, we’ll see which one goes to zero first.”
Faber, whose advice has protected millions of investors in recent years, warned of a global systemic crisis possibly due to massive size of the global derivatives market which is now worth over an incredible $700 trillion.
He warned “when the system goes down,” and only plastic credit cards are left, “maybe then people will realize and go back to some gold-based system.”
Marc Faber is a great contrarian investor and publisher of the Gloom Boom & Doom Report. He is well known for his accurace predictions of stock market crashes and other correct calls on different investment assets.
January 22, 2013
A new dose of sunshine from Marc Faber
FABER: `I'M HYPER BEARISH, SOMETIMES WANT TO JUMP OUT WINDOW'
FABER: `PLACE FOR KEYNESIANS IS NORTH KOREA'
FABER: GOLD WOULD STILL HAVE VALUE IN WORST-CASE SCENARIO
FABER: `I ADVISE EVERYONE TO HAVE SOME GOLD'
FABER: VERY CONCERNED ABOUT LARGE SIZE OF DERIVATIVES MARKETS
FABER: SOME VALUE IN EASTERN EUROPE, BULGARIA, UKRAINE
FABER: PRINTING MONEY WON'T HAVE EQUAL EFFECT ON ALL PRICES
FABER: MAY SEE FLIGHT TO EQUITIES AWAY FROM CASH AND BONDS
Marc Faber is a great contrarian investor and publisher of the Gloom Boom & Doom Report. He is well known for his accurace predictions of stock market crashes and other correct calls on different investment assets.
FABER: `PLACE FOR KEYNESIANS IS NORTH KOREA'
FABER: GOLD WOULD STILL HAVE VALUE IN WORST-CASE SCENARIO
FABER: `I ADVISE EVERYONE TO HAVE SOME GOLD'
FABER: VERY CONCERNED ABOUT LARGE SIZE OF DERIVATIVES MARKETS
FABER: SOME VALUE IN EASTERN EUROPE, BULGARIA, UKRAINE
FABER: PRINTING MONEY WON'T HAVE EQUAL EFFECT ON ALL PRICES
FABER: MAY SEE FLIGHT TO EQUITIES AWAY FROM CASH AND BONDS
Marc Faber is a great contrarian investor and publisher of the Gloom Boom & Doom Report. He is well known for his accurace predictions of stock market crashes and other correct calls on different investment assets.
January 20, 2013
Marc Faber couldn’t attend the Barron’s Roundtable 2013
Marc Faber, editor of the Gloom, Boom & Doom Report, couldn't make it to this year's Roundtable, but they are keeping his seat warm for 2014. They have a good hunch there will be even more to talk about then.
Marc Faber is a great contrarian investor and publisher of the Gloom Boom & Doom Report. He is well known for his accurace predictions of stock market crashes and other correct calls on different investment assets.
Marc Faber is a great contrarian investor and publisher of the Gloom Boom & Doom Report. He is well known for his accurace predictions of stock market crashes and other correct calls on different investment assets.
January 14, 2013
Marc Faber Video: Why I will Never Sell Gold
Marc Faber is a great contrarian investor and publisher of the Gloom Boom & Doom Report. He is well known for his accurace predictions of stock market crashes and other correct calls on different investment assets.
January 12, 2013
Marc Faber: The US Dollar is a very Sick Currency
Marc Faber is a great contrarian investor and publisher of the Gloom Boom & Doom Report. He is well known for his accurace predictions of stock market crashes and other correct calls on different investment assets.
January 11, 2013
Marc Faber: Still holds gold as an insurance policy
He still believes that governments will do competitive
devalutions pushing the price of gold higher and higher and that's why he wants
insurance. Gold prices probably won't increase soon and there may be a
correction of "10 percent or so on the downside," said Faber,
managing editor and publisher of the Gloom, Boom and Doom Report.
Marc points out that he feels "deeply
uncomfortable" about the future of the global economy, the geopolitical
situation and social unrest in different countries. "I don't particularly
like any assets at this stage. I mean have I a diversified portfolio, I'm not
liquidating anything, but I have a lot of cash."
In his January Market Commentary of the Gloom Doom and Boom
report, Marc Faber predicted that gold would fall to $1,550 to $1,600 an ounce,
according to CNBC. Still, he wrote that he planned to increase his gold
position on any further weakness, despite his concerns that strength of the
U.S. dollar could be a headwind for a strong gold rally.
Marc Faber is a great contrarian investor and publisher of the Gloom Boom & Doom Report. He is well known for his accurace predictions of stock market crashes and other correct calls on different investment assets.
Subscribe to:
Posts (Atom)