Tuesday, November 27, 2012

Marc Faber : They Will Solve the Fiscal Cliff with Cosmetic Taxes Increase

Marc Faber : “I am sure that they will solve it. They will increase cosmetically some taxes and they will cut cosmetically some spending and it will all be back loaded 10 years from now. So in reality, not much will happen. But the market tends to rally towards year-end, and I think from a low of around 1360, we could have a rally to January, but I think sometime next year will be again lower.” - in valuewalk


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