Preps and Solutions
(Sponsored Ads)
Block Cubed - Cryptocurrency and Blockchain News
  • “This News Is Massive” Unikoin Gold (UKG) CEO Responds To Supreme Court Ruling That Legalizes Sports Betting
  • Blockchain Smart Contracts
  • Understanding the Difference Between Proof of Work vs. Proof of Stake
  • Silver
    Strategic Relocation
    Recently Posted Articles and Videos
    Ready Nutrition - Homesteading and Preparedness
    Ready Gardens - A Ready Nutrition Company
    The Daily Sheeple
    The Prepper Website
    SGT Report
    The Daily Coin
    top Prepper Web Sites
    Featured Destinations
    The Liberty Mill
    Web Destinations

    Clarocet for Kids
    Silver

    Marc Faber: Market Correction is Underway

    Mac Slavo
    September 3rd, 2009
    SHTFplan.com
    Read by 169 people

    In a September 1, 2009 interview with New Delhi TV Dr. Marc Faber discusses the possibility of financial market corrections and global currencies. (Interview follows excerpts and comments)

    I believe in the next 10 days to two weeks we’ll get big moves in markets. And I wouldn’t be surprised if the Dollar would for a change strengthen and equity markets would correct and possibly quite meaningfully so.

    This seems to be the consensus among contrarian forecasters like Bert Dohmen, Harry Dent and Martin Armstrong. Perhaps we won’t see a comple collapse just yet, but a correction is likely on its way.

    Now what we have is extreme optimism among investor and economists about the outlook for the economy and about the stock market and extreme pessimism about the US Dollar. And, therefore for the next four weeks or even three months it’s possible that equities will dissapoint and that the correction that is going to happen is more severe than is anticipated….and that at the same time the US Dollar rebounds somewhat.

    The last time Dr. Faber made a call with certainty like this was back on March 6 in a CNBC interview where he recommended buying international stocks and commodities. And we all know how that turned out, so ignoring Faber here could be dangerous to your portfolio if you are expecting a continued rise in US financial markets.

    Shout out to Marc Faber Report for alerting us to this one

    Watch the Marc Faber September 1, 2009 Interview:

    Click here to subscribe: Join over one million monthly readers and receive breaking news, strategies, ideas and commentary.
    The Most Trusted Tactical Gas Mask In The World
    Please Spread The Word And Share This Post

    Author: Mac Slavo
    Views: Read by 169 people
    Date: September 3rd, 2009
    Website: www.SHTFplan.com

    Copyright Information: Copyright SHTFplan and Mac Slavo. This content may be freely reproduced in full or in part in digital form with full attribution to the author and a link to www.shtfplan.com. Please contact us for permission to reproduce this content in other media formats.

     

    Web Design and Content Copyright 2007 - 2015 SHTF Plan - When It Hits The Fan, Don't Say We Didn't Warn You - All Rights Reserved

    Our Supercharged Intel Xeon E5-2620 v4 Octo-Core Dual Servers are Powered By Liquid Web

    Dedicated IP Address: 69.167.174.108

    The content on this site is provided as general information only. The ideas expressed on this site are solely the opinions of the author(s) and do not necessarily represent the opinions of sponsors or firms affiliated with the author(s). The author may or may not have a financial interest in any company or advertiser referenced. Any action taken as a result of information, analysis, or advertisement on this site is ultimately the responsibility of the reader.

    SHTFplan is a participant in the Amazon Services LLC Associates Program, an affiliate advertising program designed to provide a means for sites to earn advertising fees by advertising and linking to Amazon.com.