Marc Faber Believes the Current Rally Still has 8 Percent Upside Left

By on March 28, 2009

Marc Faber was recently quoted, “I think this rally may have more legs, because if you print money, it liquefies the system for a while, and asset prices move up accordingly.” Faber forecasted the S&P 500 rising to around 880.

“I think what the government is doing and its economic dream team of Ben Bernanke, Tim Geithner, and Larry Summers will be negative long term,” Faber said. He added, “It will all end in disaster, that I’m sure. But, in meantime we can have big moves in market.”

Source:

http://moneynews.newsmax.com/streettalk/marc_faber/2009/03/27/196703.html
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