|
Posted: 23 Jun 2013 10:13 PM PDT
“Well, right now equities, bonds and gold are very oversold. They can easily rally on the S&P. We could rally 43, 50 points, but I don’t expect a new high. Just in case a new high would be achieved in the next two months or so, it would not be confirmed by the majority of shares. In other words, very few stocks would lead the advance. In terms of bonds, they are also incredibly oversold. Where the sentiment about equities is actually still rather positive and all of these super bulls still predicting the market to continue to rise into 2014, 2015. In bonds and gold, sentiment is by historical standards incredibly negative. As a contrarian, I would rather buy bonds and gold than equities.”
|
Give a more longer term perspective of Economic trends and the Macroeconomic and Monetary Interdependence of the Global Economy. With the Background of this approach the blog will deal with the implications for Investment decisions. The author believes that China and the Asia Pacific Region are and will be the powerhouse for the global economic growth for years to come. It will also cover IT because of its momentum driver for economic growth.
Monday, 24 June 2013
Marc Faber's thoughts
Popular Posts
-
Canada's economy will gather pace from a sluggish second quarter as it benefits from rebounding U.S. growth, but subdued domestic dema...
-
Source: TECHINASIA It’s been a long time coming, but Pakistan will soon be holding its spectrum auction for 3G and 4G networks. Three 3G ...
-
"The major U.S. indices closed the trading session in mixed fashion following yesterday's impressive surge for stocks, which coinc...
-
The European Central Bank left interest rates unchanged on Thursday, pausing to assess the health of the euro zone recovery after taking a...
-
Mizuho Analyst: Could you just give me some more in sense in timing on the prospect delineation, you named some of the really attractive ...
-
Japan aims to take the lead in working out an international plan to help bluefin tuna stocks in the Pacific Ocean recover and implement it...
-
The prefectural governments of Shizuoka, Yamanashi and Kanagawa adopted the first comprehensive evacuation plan on Thursday to prepare for...
-
With melons that sell for the price of a new car and grapes that go for more than $100 a pop, Japan is a country where perfectly-formed fr...
-
""On Sunday, Crimeans overwhelming voted to secede from Ukraine and join Russia. The news came as little surprise, and the event...
-
A debate is growing louder within the Federal Reserve over whether it should stand ready to raise interest rates to prick any risky asset b...