Wednesday, May 25, 2016
Marc Faber on Investment Strategy
The Fed "said a rate hike is on the table so they can watch the market reaction," Faber said Wednesday on CNBC's "Trading Nation." "If we are, in June, 10 to 20 percent lower in stocks and bond yields are up, they're not going to move. If, on the other hand, the market is relatively stable and moves up from here, maybe not to new highs but above 2,000 on the S&P, they will probably move," he said, referring to a level that was actually 48 points below Wednesday's closing price. "They're very much market dependent in my opinion."
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.
Posted by Nicole Bourbaki