US Equity Futures Fail To Sustain Bounce; Resume Slide On Oil Fears
Things are looking increasingly shaky for central planners around the globe.
You are here
Business
Invest In Gold Now As Stock Market To Crash – Faber
Invest In Gold Now As Stock Market To Crash – Faber
Marc Faber, editor of the “Gloom, Doom & Boom Report,” has advised investors that now is a good time to invest in gold because stocks will crash over 40% and the world is on the verge of a new liquidity and debt crisis.
Faber says investors would be prudent to diversify into safe haven in gold bullion which has risen 3% this year and is currently at $1,096 an ounce.
The U.S. Is At The Center Of The Global Economic Meltdown
Submitted by Brandon Smith via Alt-Market.com,
For Emerging Markets, It Is Now Worse Than The Asian Financial Crisis
"It’s Black Wednesday for emerging markets," one strategist warned and Thursday is not looking any better, as SocGen's Berg warns "The rout in emerging markets could continue for some time, especially as the major global central banks have exhausted their ammunition in recent years, making it unlikely that they will rescue global markets this time around." In fact, as Bloomberg reports, this year's EM turmoil is already worse than in the same period in 1998's Asian financial crisis (and EM FX is even worse).
Tom DeMark: "Today Is An Interim Low" Followed By A 5-8% Rebound, Then Another Selloff; China To Fall Further
There are not many technicians that Steve Cohen has on speed dial, but Tom DeMark, whose indicators grace the default graphs of many Bloomberg terminals around the globe, is one of them. One reason may be DeMark's recent track record, having called a "Sell" on November 3 which was close to the all time high in the S&P, shortly after which US indices tumbled leading to the worst start of the year in history hitting DeMark's targets well ahead of time.