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Dr. Doom brings the gloom
Tuesday, March 02, 2010
Marc Faber of the Gloom, Boom, and Doom report thinks that U.S. stocks could fall 20 percent after making new post-crash highs this spring. That would see the S&P 500 rising toward 1,200 and then falling back below 1,000 for the first time since late last summer.
He also thinks the euro is oversold and a good short-term bet, along with Treasuries.
2 comments:
He's probably long equities and short the Euro and Treasuries. : )
It'd be great if someone actually kept statistics on all these prognosticators. The problem is they can't. These sneaky snakes always leave enough wiggle room and weasel words in their forecasts that just about ANY result can be seen as accurate in some way. "IF we make a new high...we MAY.....we COULD see...."
It's done so they have an out if wrong, and can trumpet a track record if right.
I happen to agree that they will rise a little more then fall when the reality sets in. But going into the dollar could be disasterous if mis-timed.
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