– in Bloomberg : Click Here to watch The Full Interview >>>>>>
Marc Faber Sees Stock Buying Opportunity
“Treasury bonds, gold and equity markets are oversold in the near-term and they can rebound for the next ten days or even the next month,” Faber, the author of “The Gloom, Boom & Doom Report,”
Faber : I would rather take the short side on The S&P
“A new high of 1,700 on the S&P. I wouldn’t bet on it,” he said. “If someone put a gun on my head and said ‘you have to be long or short,’ I would take the short side.”
“There’s “no exit” from the Federal Reserve’s bond-buying program. “Very near term, we are a bit oversold and we may rally back to around 1,660-1,670 on the S&P,” he said. “On the backs of Intel,Microsoft and IBM we can make a new high. But the new high would not be confirmed by the majority of shares. I think the market is actually quite vulnerable.” “I think the market is rolling over,” he said, pointing to the sharp drop in some international markets in recent weeks.
….full interview HERE