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Faber on Markets

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  • Description

    'Gloom, Boom & Doom Report' Publisher Marc Faber gives his outlook for the global markets.

  • Duration 3:50
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Now -- right now big market rally last seven Monday of the month or next guest meantime recently.

Recommended individual investors have the following it their portfolios -- -- what do 5% equities 25% real estate 25% gold.

Then another 25% in cash mark Farber joins us now.

On the telephone publisher of the gloom boom and doom report so with this rally up 300 in New York underway.

Doctor Farber we'll start there is that the right allocation for the most part average investor still.

Yes I think so I think correctly.

Came from a very -- -- -- level.

We have a very strong support don't yet to be between eleven armed group and about eleven -- Auntie -- right from the support level.

And usually.

That the -- bomb the strong -- that -- that category but we have these have applying the Oprah told the nation and we can ready.

But I don't think you should expect too much -- Look at -- do over -- it is than.

-- yet been the year badly -- despite the spend personal.

Between well speak EF about Barrick beat on.

OK so that's another 5% from here just below 12100 today 1196.

Is where we are on the S and -- are so let's try to gauge then what's next there's two -- this number want.

What happens in Europe -- you've been a big proponent you've been saying the Federal Reserve -- quantitative meetings easing is gonna continue to keep buying bonds prop things up Federal Reserve had United States.

What happens in Europe and what is the American consumer going to do now that were in the holiday shopping season take both of those in whatever order you want.

I think the American consumer went shopping.

But I think that it's not -- -- by incoming grow.

-- -- -- the share of Paper -- com or battery.

At the expense of GDP voice to our -- What is happening is that people are they keep borrowing.

And -- finishing -- Beijing's great.

And I don't think that the -- is capable.

What's gonna happen in Europe.

How to get a handle what what what's the big picture and game in Europe that you figure that out -- anybody.

Eight picture and gave it Europe -- -- people's vote so.

Eat -- board the -- better form part of our right keep that you way.

-- pentagon will postpone the problem.

But it will not vote -- So no big east is now -- you know the of the report is of the river as it's gonna be some sort of the big tough fiscal coalition.

You know much more meet there you -- much much more to with the they have now where the law would say hey listen this is what you can do on a budget deficit you can't go over it now we know that that's been.

Pretty much a joke for the last.

Ten or so years if you don't you don't think they'll.

-- said that people sign on to that because part of the rally today appears to beyond that optimism and we're trying to figure out if it's for real or not.

Yet basically -- the -- Dayton -- Wright problem.

Com store -- -- out and moderate type basis.

But -- that the market okay eight up but gold is also up or really stop.

And I don't think it will really help it will just postpone the problem -- -- the -- We bought it now right right that the gay.

And it just postponing the problem.

At the end right but it made -- -- The problem -- the wake of the world he's not very too much debt.

And too many -- -- its liability.

OK that's doctor mark clobbered -- global investor you heard it here but 5% in the market but don't get carried away -- do you see it again.

Doctor for -- except for coming out bank.

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