Saturday, March 3, 2012

Marc Faber : I am terribly pessimistic

Marc Faber : The ECB tender has obviously helped (the stock market rally ). Because Greece has been pouring liquidity into the system. The stock markets rallied also because of the flood of money and because of the Euro-land crisis. Without the crisis, we would not even these gains
Maybe for some time (the stock market will still rally ) . The situation reminds me a little bit of 1987 At that time, stock prices rose during the year by about one third only to crash in October. - in Handelsblatt


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