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'Gloom, Boom & Doom' report editor Marc Faber reacts to Obama's victory and how it will impact investors.
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I do think it's gonna -- -- solvers back with this by the way or in which -- about phone line from Bangkok gaze on me the line right now.
What about that idea -- of the economy slowing down dramatically just what you think of this market reaction to -- the day after US presidential election.
But at the am not the price that part is -- -- -- because.
Technically -- our -- what we already.
For a couple -- And ER eight at barrels friend -- it broke Bob economic all of -- though did not very good.
Or -- economic banks it.
And that I think yeah it -- that they hope is that men and eat it medium size it is it.
Will be very reluctant to I hear people.
Even -- proper care.
Okay.
What things I think is interesting today -- say the markets down a little -- I didn't know what was gonna happen in the market.
But I -- the reason I would say it may be we cease surprises were down threat of points of the doubt all these markets are selling off like crazy is because the Obama victory.
Should necessarily be a surprise.
To investors.
-- you think some of this would have been priced in and in the polls all pointed to him.
Winning -- did but and we're still seeing -- a pretty big reaction in in financial markets is that telling you anything about the future.
Well actually act -- -- I think among people who worry that there.
The elections because there -- or re -- and they -- -- -- I was back -- right.
-- -- -- many friends who are Republicans.
And worried -- -- they were picked partly they're on the so I think what -- -- it back to get the right.
Exactly what -- most of -- very good about.
RE BE net capital gains at the right good belly bear -- Well if if they -- -- back.
Vintage steam in the betting markets in trade everything 6070% chance of -- -- victory but do not the first person our first guest today said to that there isn't a portion.
Of the investment community that still was at least hoping.
Maybe even though the number showed something different than Romney would pull out.
He didn't -- the poll showed one separate system that your Rand situation about a who was gonna be president got to deal with this fiscal cleft.
Because it's Obama are you more worried that maybe we go over the cliff and what does that mean then in -- for financial markets.
Well it in principle.
I think that actually neat though probably not back.
Bat or -- would be the state who bet that they.
And and eat it monetize station and that's right basically votes there rally right but -- state is not good book business.
And those talkback -- off because.
The stock market is expecting.
A part ample corporate -- And -- that the economic -- that.
Which street he respected is that strong bond market that we -- Rimes was -- taken -- that site at these forward right Barrett I think what -- what -- viewed two months ago.
I think from that beat the market will drop equity but it -- that.
20%.
While mark father wanted to -- The -- rebate -- -- low they'll do.
Well -- it -- but if the.
Wow okay revisiting the -- mark Robert.
Certainly not optimistic today and although one of the best known global investors out there calling calling in today.
From -- Bangkok thank you certain we'll stay on top of this market sell off we share well stay with us markets now more ahead.
