03 Apr '12, 2am

Marc Faber: Rich people will lose 50% their networth

Marc Faber: Rich people will lose 50% their networth by Drizzt on April 3, 2012 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 Read the full article → Related posts:Marc Fab...

Full article: http://thefinance.sg/2012/04/03/marc-faber-rich-people-wi...

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