Thursday, September 13, 2012

Faber : QE3 and Buying by ECB has been discounted by the Market

Marc Faber : as long as you print money asset prices will go up and you will have negative interest rates so to hold cash is dangerous , bonds are relatively unattractive , so I think that stocks may still go up somewhat , I think that a lot of QE3 and off buying by the ECB of bonds in Europe has been discounted by the market , but if a big QE3 is announced then stocks could rally may be another three , four , five percent and then there will be disappointments so I think that sometimes in the next six months you can buy pretty much everything cheaper than right now ...

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