Doug Kass Says Buy Marc Faber Says Sell Stocks Market Crash Ahead What to Do?
New York, NY – Quick Stock Market drops tend to flush out considerable differenced in opinions. There are always bulls and the bears on Wall Street and now is the time that they are proven very wrong or very right.
Famed Money Manager Doug Kass of Seabreeze Partners recommends investor should buy stocks now. He believes the fears of Sovereign Debt are overblown and that the time for being greedy is now while others are fearful.
On Friday Kass had this to say on Twitter:
”I AM NET LONG FOR THE FIRST TIME IN MONTHS, COMING UP… it MIGHT BE TIME TO BE GREEDY AGAIN ON THESTREET.COM.”
Read More: www.benzinga.com/trading-ideas/long-ideas/115048/doug-kass-says-get-long-the-market-now-spy-qqqq-fas
Marc Faber of the Boom Doom and Gloom Newsletter believes things will get much worse, investors should sell stocks and predicts a stock market crash.
“The market has become overbought,” Faber told Business Week. “There isn’t a meaningful improvement in the economy taking place.”
The benchmark index for U.S. stocks, which closed at 1,150.23 on January 19, may fall to 920, says Faber, who recommended buying stocks in March, before the biggest rally since the Great Depression.
“The economy may disappoint somewhat in the next few months. The statistics that are being published are very questionable. The economy has stabilized, but isn’t really expanding.”
Read More: moneynews.com/StreetTalk/Marc-Faber-S-P-Drop/2010/02/05/id/349056?s=al&promo_code=96C0-1
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