Friday, June 10, 2016

Permabear Turning Bullish

Austrian-lites take note.

Mark Decambre reports:
The Swiss investor, [Marc Faber]who publishes the Gloom, Boom & Doom Report, told MarketWatch that equities, which lately have been plodding toward fresh records, may remain buoyant if central banks continue to unfurl economic stimulus measures around the globe.
"I am negative about the global economy, but if you print enough money, the market may not go down in nominal terms” Faber said...
Faber’s current take on the market comes after an earlier call for an epic crash by the S&P 500 — he predicted in January that the large-cap benchmark could fall to a 5-year low — has failed to materialize so far. The permabear bristles at the suggestion that his calls were wrong.

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