Marc Faber: Market May Rally Into July

by | Apr 13, 2009 | Marc Faber

Share

Marc Faber in a phone interview with Bloomberg April 13, 2009.

Now the markets very near-term have become somewhat overbought and a correction should essentially follow. But, I doubt we’ll go and make new lows in the intermediate future. I think the lows in early March at 666 on the S&P will hold and we have another [inaudible]  to July for the simple reason that the economic news is not good but it will not deteriorate at a much faster pace than when the economy collapsed and fell off a cliff between September and February of this year.

I think yes, we’re in a bear market rally, but that doesn’t mean that this rally cannot go from bottom 666 on the S&P to say possibly around 1000 before we drift again.

Investors have to take essentially day by day at the time or month by month. It is futile to argue how the economy will be in one year’s time. I think there will be some kind of an improvement, but not much. The levels of economic growth and synchronized global boom we had in 2006 and earrly 2007 – that isn’t going to come back any time soon.

(Click Here to Listen to Marc Faber April 13, 2009)

Inflation is Running at 40-Year Highs!

Negative interest rates are taxing savers, creating food shortages, and making life miserable in the United States!

There's little time left before the REAL DISASTER occurs!

Download the Ultimate Reset Guide Now!

    Related Articles

    Comments

    0 Comments

    Commenting Policy:

    Some comments on this web site are automatically moderated through our Spam protection systems. Please be patient if your comment isn’t immediately available. We’re not trying to censor you, the system just wants to make sure you’re not a robot posting random spam.

    This website thrives because of its community. While we support lively debates and understand that people get excited, frustrated or angry at times, we ask that the conversation remain civil. Racism, to include any religious affiliation, will not be tolerated on this site, including the disparagement of people in the comments section.