Marc Faber: ‘We Can Have A Relatively Strong Rally’ In U.S. Stocks Before Further Decline

Swiss-born investment advisor/money manager Marc Faber was on the CNBC TV show Squawk Box last Wednesday talking about U.S. stocks and where he thought they were heading. He shared with viewers:

I’d like to point out that the market in February became extremely oversold. And from this extremely oversold position, we can have a relatively strong rally. First of all, a lot of momentum stocks- they got hit very hard say in the first four weeks of the year. They are oversold, they can rebound. And secondly, many stocks are down 25 to 30 percent from their highs in 2015. And say the oil sector can could rebound by say 10-20 percent. So that could drive the market up to maybe around 2,050. But I don’t necessarily see new highs. And if new highs happen, they will happen with very few stocks participating…


“Dr. Doom: Oil sector could rebound 10-20%”
CNBC Video

Further out, the publisher of the monthly investment newsletter The Gloom Boom & Doom Report predicted:

We can have now a decline where stocks become oversold, then a rally, and then a further decline. And that’s what I would expect globally, because the global economy is slowing down very considerably.

By Christopher E. Hill
Survival And Prosperity (www.survivalandprosperity.com)

(Editor’s notes: Info added to “Crash Prophets” page; a qualified professional should be consulted prior to making a financial decision based on material found in this weblog. If this recommended course of action is not pursued, then it must be understood that the decision is the reader’s and the reader’s alone. The creator/Editor of this blog is not responsible for any personal liability, loss, or risk incurred as a consequence of the use and application, either directly or indirectly, of any information contained herein.)

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RSS Chris Hill’s Other Blog: Offshore Safe Deposit Boxes

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