| Subject: | Marc Faber's Doublespeak & Market Call That Fit the Day |
|---|---|
| Date: | Tue, 25 May 2010 17:05:39 -0700 |
| From: | Jas Jain |
Marc Faber's Doublespeak & Market Call That Fit the Day
Dr. Faber appeared on Bloomberg two hours after the market close in the US. He said the following: With strong USD and falling Treasury yields Fed would print even more money! For years he has been saying that Fed's printing money would lead to USD being worthless currency and US Treasury yields would skyrocket, i.e., Treasuries would become worthless. Talk about doublespeak.
Also, Dr. Faber called for a rally in the US Scam Market from an oversold condition. For quite some time he has been calling for a 20% correction. I don't know from what level, but he is now calling for a rally based on today's close, IMO. Had the market closed near the low he would have repeated his call for the 20% correction and then a bounce of the oversold condition. He is definitely in the proganda business and he does his that ave very easy access to Bloomberg and CNBC.
Jas
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