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Thumbnail image for Stocks Collapse Due to Draghi, Not Obama: Mohamed El-Erian
By November 7, 2012

Stock futures were flat this morning after Obama’s successful bid for re-election. However, around 7 a.m. comments from Mario Draghi, president of the European Central Bank (ECB), sent the market significantly lower. PIMCO’s Mohamed El-Erian, interviewed on Bloomberg TV, relayed Draghi’s proclamation that Europe and Germany continue to weaken. Not ...

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Thumbnail image for Marc Faber Sees Potential for Profit in China and Japan
By October 23, 2012

As a recent CNBC Squawk Box guest, Marc Faber, publisher of the infamous Gloom, Boom, and Doom Report provided his opinion on world stock markets. Faber pointed out, as he has repeatedly in recent interviews, that European markets were near their 2009 lows only a few months ago. He bought ...

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Thumbnail image for Harry Dent: Next Year Will Be Major Bad for Europe and China
By September 5, 2012

Harry Dent was interviewed on Fox Business and provided his outlook for the global economy. Dent characterized the European plans to buy bonds as a “desperate move.” He said the European economy is the biggest question mark in the market today with Greece and Spain looking “more and more shaky.” ...

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Thumbnail image for Byron Wien: The S&P 500 Could Top 1400 By the End of the Year
By July 12, 2012

Blackstone Advisory Partners Vice Chairman Byron Wien was on Bloomberg Surveillance with Tom Keene discussing the economy,  stock market, and gold. Wien said the ideas of Carmen Reinhart and Kenneth Rogoff are coming to pass in that we have a debt/GDP ratio of close to 100%; and probably worse if ...

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Thumbnail image for George Soros: Europe in Danger of Evolving into German Empire
By June 26, 2012

George Soros made news yesterday proclaiming the EU has three days left and warning the summit this week could turn into a “fiasco.” Talking about the prospect of a German empire and a permanently depressed periphery, Soros raised the shackles of many an investor in a 43 minute interview on ...

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John Dorfman: Greek Default Not the End of the World
By June 18, 2012

Greece has defaulted or restructured five times since 1826, John Dorfman, chairman of Thunderstorm Capital, told Nightly Business Report’s Tom Hudson on Friday. So this is the sixth default, or restructuring for Greece, Dorfman said.  The previous defaults weren’t the end of the world, nor was the Argentina default or ...

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Marc Faber Expects Favorable Outcome From Greek Election; German Exit
By June 16, 2012

Asked for his positioning ahead of the Greek elections by CNBC’s Melissa Lee, Marc Faber, editor of the Gloom, Boom and Doom Report, said recent strength in the dollar caused the euro to be oversold. Faber also expected the Greeks to decide to stay in the Eurozone. He added that ...

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Thumbnail image for Russell Napier: Best Long-term Returns Available in Europe Currently
By May 31, 2012

Financial historian and author of Anatomy of the Bear, Russell Napier was interviewed by The Financial Times a few days ago. Although Napier didn’t say he would be buying them now, he finds European stock markets attractively priced. He said some of the markets are back to the levels they were ...

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Marc Faber: Weak Industrial Commodities Have Nothing to do with Greece
By May 23, 2012

Marc Faber, editor of the Gloom, Boom and Doom Report, was interviewed on Bloomberg this week. He claimed the technical picture of the market “was quite bad.” However, Faber said typically during an election year we have a rally from late May onward, along with positive seasonal trends until August. ...

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Bill Fleckenstein: Buying Financial Stocks Akin to Going to Casino
By May 18, 2012

Noted short seller and hedge fund manager Bill Fleckenstein was interviewed on Bloomberg TV a couple of days ago.  He touched on the topics of JP Morgan and financials in general, along with his view of the European dilemma. Fleckenstein had been quoted as saying he wouldn’t buy JP Morgan ...

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