Right now, the market is in neutral territory. It was very oversold on
October 4th when the S&P dropped to 1,074. Now around 1260, the
upside in my opinion will be between 1,280 and 1,350 because there’s a
lot of supply around that area. But if there is some good news coming
out of Europe, and good news would simply mean postponing the problems
for another few years with some kind of money printing operation, either
by that ECB or IMF or EFSF, that lift stock prices higher. - in Bloomberg
Marc Faber is an international investor known for his uncanny
predictions of the stock market and futures markets around the world.
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