Marc Faber June 2009 Gloom Boom & Doom Update: A Correction into Late June is Likely

by | Jun 11, 2009 | Forecasting, Marc Faber

Marc Faber, publisher and editor of the Gloom Boom & Doom Report, discusses short-term financial market trends, long-term global economic trends for the USA, Europe and Asia, and the possibility likelyhood of US Dollar hyperinflation in the future.

In the near term, stock markets around the world have become overbought and some technical negative divergence for major indices has developed as of late May. Insider sales have picked up and the number of S&P stocks above their 50-day moving average is in record territory, which suggests that a correction into late June is likely.

source: June 2009 Gloom Boom & Doom Report

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