Hat tip to Andy Abraham.
The big crisis is yet to come he says.
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6 comments:
I love Faber, but he hedges a lot and says the down turn/crisis could be tomorrow, 3 months, or 5 to 10 years.
I whole heartily agree with a lot of what he says but not the timing. This is a cyclical bull market and will continue. After the September and October "scary" period I suspect investors will jump in with both feet, possibly at much higher levels.
Anon 7:34 a.m. Good point on Faber. I predict it's going to rain. You decide when it will.
Beyond that, why do you say this is a cyclical bull market? Any evidence of that? Just curious.
BillM
200 dma increasing
50 dma increasing and above 200dma (golden cross)
Bull market is a 20+% increase in the market. What are we up now?
Normal bear (that Roger originally predicted) would have brought us down roughly 30%. That is where we are now and the economy is improving.
Have you seen interest rates and the Fed more accommodating? Exactly how many trillion dollars has the treasury and Fed thrown at this economy?
Dow theory is now bullish.
Point and figure charts are pointing to an uptrend.
What the heck do the bears have in their favor - they are scared bad things will happen - That is another very bullish indicator.
Roger, are you taking a break from Greenfaucet? Their bent seems increasingly short term and I miss your zen wisdom.
I am no longer with Greenfaucet.
:(
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