Marc Faber Says to Use Rebounds as a Selling Opportunity
Saying that the world everywhere has experienced huge technical damage, Marc Faber advised investors to sell into an imminent rebound.
Faber, who said we would find out if Bernanke was a true money printer, or an amateur, doesn’t expect any QE3 program to bring the market back to its recent high.
Faber said the next crisis would be far worse than the one experienced in 2008. He predicts money printing and even war before the entire system collapses. He added you don’t want to own government bonds or cash in coming collapse. Equities, oil and precious metals would be better choices.
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