Saturday, July 31, 2010

Marc Faber on how do you trade the Dow at 1,000?

"Buy a self-sustainable farm in the middle of nowhere 'surrounded by high voltage fences and barbed wire and equipped with booby traps and an arsenal of machine guns, hand grenades and armed vehicles guarded by vicious Dobermans". That was Marc Faber suggestion for trading the DOW below 1,000...

Marc Faber : warns to avoid bonds , and to invest in gold, farmland and art

"When the turn comes and inflation and rates rise, all the money in bonds will move into equities."
"At some point people won't want to be compensated at two percent in bonds, and will put money into stocks. Government bonds will not be a good investment for the next 10 years."
in newsblogs.chicagotribune.com

Marc Faber : The market lows of March 2009 will not be revisited

"I'm a believer that the stock market lows of March 2009 will not be revisited. You have people like Robert Prechter who think the Dow will collapse to 700 because of debt deleveraging. Debt deleveraging could happen, but the Dow will not fall because of monetary policy. The Fed will keep everything inflated in nominal terms. And if the Dow does go to 700, you'll have more to worry about than your investments. All the banks will be bust. The government will be bust. You don't want cash if massive deflation happens. On the contrary: It will be worthless. You have to think very carefully about hardcore deflation."
in fool.com

Marc Faber David Rosenberg whiskey bet

Economist David Rosenberg and investor Marc Faber have wagered a bottle of scotch whiskey on whether U.S. 10-year Treasury yields can go lower than 2 percent:

“If I lose the bet, I buy him a bottle of Cutty Sark, and if I win, I want a bottle of Dalwhinnie”

in Bloomberg

Marc Faber agrees with Robert Prechter : a Dow Jones at 1,000 should not be excluded

Marc Faber Questions if Dow Could Hit 1,000 as predicted by Robert Prechter

"Prechter is right when says that when manias come to an end, prices tend to retreat to where the mania started. So from this point of view, a Dow Jones at 1,000 should not be excluded," ."It is likely that if the Dow where to fall by more than 20 percent from the present level there would be further massive fiscal and monetary stimulus packages – not just in the US but worldwide," Marc Faber wrote in the In the August edition of the ‘The Gloom, Boom & Doom Report’"The question here is really, with the Dow below 1,000, what kind of dollars – and especially what kind of dollar credits – will survive,"
via CNBC.com

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