“‘Right now equities, bonds and gold are very over-sold,’ said Dr.Marc Faber – author of the Gloom, Boom & Doom Report – to Bloomberg on Friday, ‘and they could easily rally.’
Compared to the stock market however, ‘sentiment in bonds and gold is incredibly negative. In other words, as a contrarian I would rather buy bonds and gold than equities.’
Also giving a reading contrary to the headlines about ending QE which followed Ben Bernanke’s press conference last Wednesday, ‘Unless the economy has essentially fully recovered by mid-2014, more QE will be forthcoming,’ said Faber.”
