Dr. Doom Turns Bullish on U.S. Stocks

Whoa, the financial end must be nigh: Marc “Dr. Doom” Faber has turned bullish on U.S. stocks.

“If the price of oil and other commodities declines for a while, it leads to something like a tax cut for the consumer,” Faber said, speaking at a recent Hong Kong conference.

“Whereas I am very negative in the long run, and I believe that the U.S. economic imbalances are not sustainable, for the next few months the investment community is too negative on the U.S. economy which is more likely to surprise to the upside than the downside.”

Waitaminute. For the next few months? Okay, that doesn’t really qualify as bullish. Let’s call it more like temporarily non-bearish.
Doctor Doom [Paul Kedrosky]

Comments:

<< Back to main