Gold vulnerable to near-term correction after rally
by Mark DeCambre
Has Wall Street’s favorite permabear lost his teeth? A recent chat with Marc Faber about the outlook for global markets might lead one to conclude that the longstanding global-market pessimist espouses a much more subdued outlook for stocks — even one that’s furtively upbeat.
The Swiss investor, who publishes the Gloom, Boom & Doom Report, told MarketWatch that equities, which lately have been plodding toward fresh records, may remain buoyant if central banks continue to unfurl economic stimulus measures around the globe.
“I am negative about the global economy, but if you print enough money, the market may not go down in nominal terms” Faber said.