Wednesday, October 07, 2009

Dr. Marc Faber: Worse Is To Come



Posted by Moolah at 8:34 AM

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4 comments:

Ooi Beng Hooi said...

Have been seeing you posted lots of bearish articles about the markets than bullish ones (if any)even the chart so far has shown 'v' shape recovery.

People are more convinced that the worst is behind.

Maybe you are right but I tend to think otherwise.

If that's the direction of investment that one has been following, one has missed out one of the best golden chance to pick up good stocks and fire sales price.

9:21 AM  
Moolah said...

Investing has so many perspectives.

Some invest in how they think the market will behave.

Some invest only in the wonderful business.

Some simply invest in the stocks they think will go up.

What is wrong? What is right?
What is black and what is white?

Does it matter not?

By the way. Do you really, really follow what's being posted on this blog?

Do I only publish ONLY the bearish views?

Tell you what, try search this label 'Anthony Bolton' or this link: http://whereiszemoola.blogspot.com/search/label/Anthony%20Bolton

Did you see what the Oct 2008 article says?

Last but not least...

what I think does not matter, does it?

cheers

12:24 PM  
Moolah said...

Ooi,

left out something.

you said "People are more convinced that the worst is behind."

Well how can they not be convinced?

Put this post into perspective: http://whereiszemoola.blogspot.com/2009/10/banks-health-were-exaggerated.html

Quote: "Senior U.S. officials deliberately created the impression last year that banks receiving huge government cash infusions were healthier than was the case, a Treasury Department watchdog's report released Monday said."

How?

Some might call it 'fudging'.

Some might call it 'distorting the truth'.

Some might call it 'plain lies'.

Some call it... 'this impression has to BE MADE for the greater good'. People needed to be convinced. Confidence needed to be restored. This was the crucial initial step for recovery.

Me?

What I thinks matters not.

:)

12:57 PM  
solomon said...

I guess Beng Hooi is saying he would simply invest more now than previous.

While Moola is just stating his mind on the economy and stocks, which are great as well.

I guess it will not be too long before the Commercial bad loan in US hits the headline again. The Banks to me had been trying to hold up the bad lending, and will not do so these few months. Plus, the balance of payment issues will bother again later. All these requires times to resolve.

8:35 PM  

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