Marc Faber, publisher of the Gloom, Boom & Doom report, talks with Bloomberg's Erik Schatzker about the outlook for U.S. stocks. Faber, speaking from Hong Kong, also discusses the outlook for the euro and the dollar, and investment strategy.
Faber makes some specific market predictions in this interview. He does not see the S&P 500 making a new high for the year above 1150. Just in case he is of the mark and the market does breach the 52 week high, he doesn’t see the market rally much beyond 1200. If that happens, he sees the market makes a greater correction of around 20%.
Faber also predicts the Euro will rebound to around 140 ($1.40 USD per Euro), before it travels down again. He sees both US dollar and Euro “sick”. Noticeably, Asia currency and precious metal will appreciate in long run.
With all the variables playing out and downside correction, Faber still advises investors stay in equity in the next few years as an inflation will get worse.
(Source: Bloomberg)
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Faber makes some specific market predictions in this interview. He does not see the S&P 500 making a new high for the year above 1150. Just in case he is of the mark and the market does breach the 52 week high, he doesn’t see the market rally much beyond 1200. If that happens, he sees the market makes a greater correction of around 20%.
Faber also predicts the Euro will rebound to around 140 ($1.40 USD per Euro), before it travels down again. He sees both US dollar and Euro “sick”. Noticeably, Asia currency and precious metal will appreciate in long run.
With all the variables playing out and downside correction, Faber still advises investors stay in equity in the next few years as an inflation will get worse.
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