Cover Your Shorts
Cover Your Shorts
Don’t get caught as the market approaches another
low, says Marc Faber
Marc Faber,
editor of the Gloom, Boom Doom Report, believes the rise in
stock prices earlier this year was artificial and that the current
May correction could turn into something more serious. Contrasting
the situation in other world markets, Faber notes that US stocks
are breaking down every day, giving back 3 to 4 months of previous
advances. This is a very negative sign. When asked what investors
should be doing today, he replies “cover your shorts in the
next 10 days” as we are very close to approaching an intermediate
low.
May
19, 2012
Dr.
Marc Faber [send him
mail] lives in Chiangmai, Thailand and is the author of Tomorrow’s
Gold.
Copyright
© 2012 Market Oracle/Bloomberg