"Faber believes a correction is imminent for the stock market as bullish sentiment (AAII sentiment) nears record levels and mutual fund cash positions remain very low. Furthermore, the latest upward move in stocks has occurred on declining volume, which is usually bearish from a technical point of view. The correction should occur in January. That being said, you should be buying into the correction as it represents a good buying opportunity. Faber prefers energy companies and speculative stocks such as home builders and even AIG. He goes on to say that the third year of a Presidential cycle is very good for speculative stocks versus traditional blue chip value plays." - in Commodity Online
Related stocks & ETFs: SPDR S&P 500 ETF (NYSE:SPY) , ProShares UltraShort S&P500 (ETF) (NYSE:SDS) , iShares Russell 2000 Index (ETF) (NYSE:IWM) , iShares Dow Jones US Home Const. (ETF) (NYSE:ITB), Lennar Corporation (NYSE:LEN) , American International Group, Inc. (NYSE:AIG)
Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.
Showing posts with label SPDR SP 500 ETF. Show all posts
Showing posts with label SPDR SP 500 ETF. Show all posts
The US Economy Will Not Double Dip For Now.
"I don`t think it will double dip for now, we are living in a global economy today and you have parts of the world that are relatively weak, like the US and Europe, although from the lows they have recovered somewhat. Than you have other parts of the world that are very strong, emerging economies, especially China and India. The big question is what will happen to that part of the world."
in Bloomberg
Related: iShares MSCI Emerging Markets Indx (ETF) (EEM), iShares MSCI Brazil Index (ETF) (EWZ), Market Vector Russia ETF Trust (Public, NYSE:RSX) , iShares FTSE/Xinhua China 25 Index (ETF) (FXI), iShares MSCI Japan Index (ETF) (NYSE:EWJ), SPDR S&P 500 ETF (NYSE:SPY) , ProShares UltraShort S&P500 (ETF) (NYSE:SDS), iShares MSCI Emerging Markets Indx (ETF) (NYSE:EEM), SPDR S&P 500 ETF (NYSE:SPY)
Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.
in Bloomberg
Related: iShares MSCI Emerging Markets Indx (ETF) (EEM), iShares MSCI Brazil Index (ETF) (EWZ), Market Vector Russia ETF Trust (Public, NYSE:RSX) , iShares FTSE/Xinhua China 25 Index (ETF) (FXI), iShares MSCI Japan Index (ETF) (NYSE:EWJ), SPDR S&P 500 ETF (NYSE:SPY) , ProShares UltraShort S&P500 (ETF) (NYSE:SDS), iShares MSCI Emerging Markets Indx (ETF) (NYSE:EEM), SPDR S&P 500 ETF (NYSE:SPY)
Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.
Stock Market Correction Can Continue As Things In Europe Worsen.
Equity Markets--Last month, Faber was somewhat cautious on US stocks, saying that sentiment was overly bullish and vulnerable to a correction. So far, we have seen a slight decline in stocks as the QE euphoria fades and worries mount in the PIIGS. Faber thinks the correction could continue as things in Europe worsen. However, he does not expect the market to fall below the 1010-1050 range on the S&P 500 because of the Bernanke. Of all the developed markets, Faber likes Japan the most. He thinks a declining yen will help Japanese equities. Furthermore, Japan is under owned by institutions.
in IStockAnalyst
Related: iShares MSCI Japan Index (ETF) (NYSE:EWJ), SPDR S&P 500 ETF (NYSE:SPY) , ProShares UltraShort S&P500 (ETF) (NYSE:SDS), iShares MSCI Emerging Markets Indx (ETF) (NYSE:EEM)
Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.
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