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Well I guess if you're the editor of the gloom boom and doom report this week's -- -- made for you and Marc Faber says more to come the bad descriptions.
The -- loaded the -- more of the boom move where will where do we go from -- Well basically we have a lot of correctly the cash as you know over the last twelve months the S -- the year rose from 1010.
On July 1 2010.
To a -- -- may.
Second -- this year's thirteen seventy and then we dropped.
Four days ago do we eleven.
Zero -- And now we're at the 1178.
So we have a lot of productivity I think the market may rebound somewhat the more -- up because we're very oversold.
And some technical indicators have turned -- that they've.
Including also -- side -- buying.
But in general I think it will be extremely.
Difficult for stocks to make a new -- And often these rebound I think will drift lower is not to say that the -- collapse.
Because if He had said He dropped to around a thousand or so the effect it would certainly.
-- -- -- money through that face them.
Do you think this market -- a lot of statisticians markers say that it's an undervalued market that even that.
That these levels come back as -- -- -- -- couple of days still very very much.
And undervalued market prompted some competitive historical norms is that right.
Well I mean it -- the current concept of valuation is very difficult when you have zero interest rates.
I can make a case that actually the price of gold.
Is still on the value would compare to say to me ninety -- he's ready -- trading around 400 dollars.
It's very difficult to say what he's right -- value in based environment is that -- got so good value oriented overvalued I don't know.
Stocks measured by price earning ratios -- and considering got probably the economy will be weakening.
And that corporate profits -- -- deployed.
May not be quite that's cheap as oldest strategies -- So when you look at Europe.
I know -- is sort of macro noises and they talk about a rescue.
Back up -- backstop for banks there how much does that affect your thinking.
Eight effects of my thinking in the way that.
I believe all of us central banks in the whole world -- -- money.
And that they eventually.
We will have.
All the information they may not necessarily all be in consumer -- prices.
They can be -- facing that instead of -- -- insurance premiums going up which transportation.
Going up energy prices going up.
Food prices going up.
Educational costs going up -- our inflation measures also and -- weakening US dollar as has happened.
Now near term maybe the US dollar can rebound somewhat possible but in the long run it seemed pretty bad -- currency.
That's where that -- -- in Africa.
I'm not pleasant thought Marco leave it there thank you always good see you thank you very much at the -- market.
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