Tuesday, January 26, 2016

Bear Markets are characterized by very Sharp Rallies that can fed relatively quickly

Q: Are we done with this current round at least, do you think we are close to the bottom, how would you read this mega rebound rally that has been underweight today in many markets, the US, Europe and of course in Asia, how do you read today's rally and how far away from the bottom do you think we are?

Marc Faber : Bear markets are characterized by very sharp rallies that can fed relatively quickly. In the US last Friday we also have the huge rally from the lows, the market still closed down and it was unusual. This is very seldom that this happened and it is indicative that precisely most stocks have been weak for a long time and it is also indicative that we are in very oversold position but the oversold position can lead to a rally but most likely and I am saying most likely not to new highs.

Read more at: http://www.moneycontrol.com/news/fii-view/sensex-could-fall-to-20k-china-growing-at-2-4-marc-faber_5120561.html?utm_source=ref_article

Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.Dr. Doom also trades currencies and commodity futures like Gold and Oil.

No comments:

Post a Comment

Dr. Marc Faber Tomorrow's Gold

Dr. Marc Faber author of the Gloom, Boom and Doom report is a world class Investor, Doctor Faber 's typically controversial and contrarian views have earned him the label of Dr. Doom. Doctor Doom also trades currencies and commodity futures like Gold Natural Gas and Crude Oil.Even his harshest critics must admit that he's been unerringly correct in his market forecasts over the past three decades . Marc Faber is a Swiss investor.He was born in Zurich, Switzerland. He went to school in Geneva and Zurich and finished high school with the Matura. He studied Economics at the University of Zurich and, at the age of 24, obtained a PhD in Economics magna cum laude. Between 1970 and 1978, Dr Faber worked for White Weld & Company Limited in New York, Zurich and Hong Kong. Since 1973, he has lived in Hong Kong. From 1978 to February 1990, he was the Managing Director of Drexel Burnham Lambert (HK) Ltd. In June 1990, he set up his own business, which acts as an investment advisor and fund manager. Faber is publisher of the Gloom Boom & Doom Report newsletter and is the director of Marc Faber Ltd which acts as an investment advisor and fund manager.