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Marc Faber's July 2011 Outlook

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"Marc Faber is out with the latest issue of his famous Gloom, Boom, and Doom Report which is always a must read for serious investors.

Unlike most of the other talking heads, Faber has an excellent track record. He correctly predicted the top in the equity markets in Nov 2007 and caught the bottom in March 2009, making his subscribers a lot of money. Here is a summary of his July 2011 report:

1. Stocks: The stock market is going to rally in the short-term (July-August), but equities will not surpass their previous highs reached back on May 2. After this bounce, Faber believes the market will decline sharply to around 1100 on the S&P500 (during the September-October period). This is when the Fed will likely consider implementing QE3 to stimulate asset prices.

2. Bonds: ... "

(Read the full story at istockanalyst.com)

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