Marc Faber on CNBC - Oct. 14, 2008

[LargoWinch]

"Every asset class inflated since 2002 fell like dominoes... which creates opportunities."

"The best thing now is to take a vacation."

...oh and Marc is still smiling!

Part 1:


Part 2:


Part 3:

[Jim Nickerson]

Re: Marc Faber on CNBC - Oct. 14, 2008

Anybody feeling good about an imminent recovery should give ole Faber a listen, to me third video was probably the most worth while, but watch them all if you have any wild bullish hairs.

[The Outback Oracle]

Re: Marc Faber on CNBC - Oct. 14, 2008

Anybody feeling good about an imminent recovery should give ole Faber a listen, to me third video was probably the most worth while, but watch them all if you have any wild bullish hairs.

LMAO Jim...he sure has a way of taking away the fun at the moment! For myself, i'd love there to be an end to this pressure, but it just isn't coming. Between mark and lukester my life is a bloody misery:eek:

[friendly_jacek]

Re: Marc Faber on CNBC - Oct. 14, 2008

I have been watching all Marc's interviews since the beginning of 2007 (and reading some of his writings since 1998) and he has been always correct, except for precise timing as he tends to be a few months early (or a few years as in 1998 or 2003).
I absolute agree with him, most investors will not make money in this market (no matter of asset class). This volatility is only a great opportunity for good day traders. My sentiment trading system worked nicely for a year but not anymore as we reached extremes. He did cover the extreme oversold condition now, so I count for a temporary rebound (that started IMHO). Other than that, I have no clue how investors should be positioned as the fast rolling and repeating deflation (like the one now) and inflation periods (perhaps coming soon?) will wipe out buy and hold investors regardless of asset class.