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Marc Faber sees correction unfolding in US mkts (2009-05-26)
http://www.moneycontrol.com/india/news/market-outlook/marc-faber-sees-correction-unfoldingus-mkts/398764

Investment guru Marc Faber said he sees a correction unfold in the equity markets. Faber said, “In general, the markets were very oversold on March 6, 2009 and there were some favorable technical divergences [which resulted in the subsequent rally].”

“When the S&P made a new low, many markets and stocks were higher than they were in October-November. That means many stocks had entered bull markets including Asian stock markets,” Faber said, pointing out that now, most stocks were up by more than 100%. “A number of stocks above the 50-day moving average reached 90% the other day, which signals an overbought position in US. I expect a correction to unfold. If the correction is a resumption of the bear market where we will make new lows or is still a correction ― that still remains to be seen,” he said.

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上記広告は1ヶ月以上更新のないブログに表示されています。新しい記事を書くことで広告を消せます。