Wednesday, May 26, 2010

Marc Faber: Still Very Bearish But Are Oversold In the Short Term; S&P500 Lots of Support at 1040

Marc Faber was on Bloomberg TV. He says stocks are quite oversold in the near term, but not in the long term. There is lots of support on the S&p500 around 1040/1050.
June and July are usually better months, but then we will go down and bottom out in October/November.
He says GDP has not increased.

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