Marc Faber, editor of the Gloom, Boom and Doom Report and Michael "Mish" Shedlock, the man behind the economics blog, MISH'S Global Economic Trend Analysis were seen at Yahoo!Finance’s Tech Ticker.
On short turn market outlook, Faber stated:" I would rather be lightening up on positions in the next couple of weeks than heavily buying in here".
On whether we have seen the market low in last March, Faber disagreed with Mish:"I don’t see 666 on the S&P 500 ever again." He says "if we go down by 10-20% on the S&P 500, our money printer Ben Bernanke will flood the market, weakening the dollar"
On gold, Faber reiterated investors should buy some gold every month
Both commentators made a bullish case for Japan. The 20-year bear market there left the _investors disinterested and stocks undervalue.
On short turn market outlook, Faber stated:" I would rather be lightening up on positions in the next couple of weeks than heavily buying in here".
On whether we have seen the market low in last March, Faber disagreed with Mish:"I don’t see 666 on the S&P 500 ever again." He says "if we go down by 10-20% on the S&P 500, our money printer Ben Bernanke will flood the market, weakening the dollar"
On gold, Faber reiterated investors should buy some gold every month
Both commentators made a bullish case for Japan. The 20-year bear market there left the _investors disinterested and stocks undervalue.
