Tuesday, June 25, 2013
Marc Faber : The Market is likely to head Higher in the Near Term, but new highs can't be trusted
"There's "no exit" from the Federal Reserve's bond-buying program. "Very near term, we are a bit oversold and we may rally back to around 1,660-1,670 on the S&P," he said. "On the backs of Intel,Microsoft and IBM we can make a new high. But the new high would not be confirmed by the majority of shares. I think the market is actually quite vulnerable." "I think the market is rolling over," he said, pointing to the sharp drop in some international markets in recent weeks.
Marc Faber told yesterday CNBC's "Squawk on the Street " :Click here to watch the full interview >>>>> : http://www.marcfabernews.com/2013/06/marc-faber-sees-stock-buying-opportunity.html
Posted by Nicole Bourbaki