Marc Faber On Global Food Inflation And His Stock Market Outlook

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Thu, 01/20/2011 - 15:16 | 890671 tellsometruth
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Anyone here going to buy the fucking dip in phys silver right now?  Or will the friday close be the best time as usual...

Thu, 01/20/2011 - 15:21 | 890685 Jason T
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I sold covered calls on SSRI back when was 20 at the 22 strike in like Oct.  Am planning to buy SSRI back.. under 23 i hope and will wait till early next week most likely.  

Thu, 01/20/2011 - 15:32 | 890689 Salinger
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it is only a matter of time before someone on CNBC pitches the tremendous stock market return in such stunning examples of monetary prudence as Zimbabwe and Weimar Germany.


old news... (while not mentioning Weimar or Zim the CNBSers point out the dynamics of the wedding season in India as a drive of gold)

Thu, 01/20/2011 - 16:07 | 890877 dark pools of soros
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not seeing much of a dip from sellers..  the spot price seems fake

Thu, 01/20/2011 - 16:42 | 891060 Jaw Knee Cash
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I'm picking up some physical silver today or tomorrow; picking up the rabbits from the Lunar II set also to keep my set going.

Thu, 01/20/2011 - 15:18 | 890678 SayTabserb
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I've been reading Zerohedge a long time now (since before it acquired its own prop. dotcom) and one development I really like is that increasingly ZH demonstrates "soul" in its analysis.  Not "liberal," not "conservative," but humane and on the side of civil liberties and social justice.  This is good stuff.  Makes me feel good that this is my favorite site.

Thu, 01/20/2011 - 15:29 | 890711 andybev01
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+ number one soul brother.

Thu, 01/20/2011 - 16:11 | 890904 Pants McPants
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Agreed and agreed.  I am in awe of the intelligence of the majority of contributors and commenters on this site, too.  I've learned a ton.

Thu, 01/20/2011 - 16:29 | 890982 rosiescenario
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Thu, 01/20/2011 - 23:54 | 892327 rocker
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+1,  A+,  Simply the Best.   ZH Rules.   Tyler is the Best.

Thu, 01/20/2011 - 15:19 | 890681 Mr Lennon Hendrix
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Marc Faber is a machine sent back through time to kill Keynesian economics.

Thu, 01/20/2011 - 15:21 | 890686 suteibu
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They didn't send him back far enough to have prevented this crap.

Thu, 01/20/2011 - 15:32 | 890720 Mr Lennon Hendrix
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Thu, 01/20/2011 - 15:54 | 890815 suteibu
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But I believe that, as a species, human beings define their reality through suffering and misery.  Agent Smith, The Matrix

Thu, 01/20/2011 - 17:20 | 891289 synonym
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Very funny Jimmy.

Thu, 01/20/2011 - 16:31 | 890997 Jaw Knee Cash
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'They' tried to send him back to 1912, but his head was too large for the time-transport-transmogrifier.

Thu, 01/20/2011 - 16:34 | 891016 Don Birnam
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He has, however, a formidable adversary in the form of the T-1000 "Tim" model mimetic poly-alloy monetary nanomorph.

Thu, 01/20/2011 - 16:45 | 891083 Jaw Knee Cash
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Interesting note: that particular T-1000 "TIM" model has the updated DORK programming.

Thu, 01/20/2011 - 15:25 | 890691 HamyWanger
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Very solid bounce in equities today.

I've just bought all the AAPL shares I sold tuesday, and sold the rest of my gold.

The SPX will be at 1350 before May.

Thu, 01/20/2011 - 15:32 | 890702 plocequ1
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I did the same thing a couple of months ago. I sold and bought back. Since then, I do not look at the stock. I will hold APPL till i retire

Thu, 01/20/2011 - 15:55 | 890818 onlymyopinion
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After todays strong buying, I doubt this market see's 1250 again.  Glad I added this AM.  These types of pullbacks will be short lived.  The saying in '11 is going to be buy high, sell higher.  IMO, dips won't last more than 48 hours.  Too much cash waiting to get on the train.  Next stop for the Dow-locomotive, 12,000 within 2 weeks.

Thu, 01/20/2011 - 15:55 | 890819 Robot Traders Mom
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Why do you say shit like that? You need money to buy gold and you are a troll that is probably about 22 years old and unemployed. Nobody believes any of your stupid bullshit about owning a home decor store.

Thu, 01/20/2011 - 16:37 | 891034 Don Birnam
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This is the "Hamy" iteration. Hamy runs a deli in Queens.

Thu, 01/20/2011 - 16:57 | 891154 Bendromeda Strain
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I thought he ran queens in Delhi...

Thu, 01/20/2011 - 17:01 | 891182 Don Birnam
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That one would be the "Wanqer" iteration.

Thu, 01/20/2011 - 17:14 | 891264 Calmyourself
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Whew, almost replied thank gosh I checked the spelling first...

Thu, 01/20/2011 - 19:38 | 891744 huggy_in_london
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hmmm more likely to be 10% lower in 8 weeks

Thu, 01/20/2011 - 15:24 | 890694 erik
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Soft commodities are all making a huge comeback today so far, the majority of them are now green.  Treasuries still selling hard.

Recent history still suggests that the highs will be re-visited.  Probably by Monday at the latest, provided that BAC or Wikileaks don't spring any surprises.

Thu, 01/20/2011 - 15:35 | 890715 DR
DR's picture

Did you read the latest thoughts from the China kiss asser, Immelt?

China to replace U.S. as top economic power says GE CEO

"despite any risk of handing over advanced technology -- will mean sharing some of the most sophisticated airplane electronics.

"It is going to be the biggest economy in the world," Mr. Immelt said of China. "The only question is when."

Yea, Immelt, like China is going to keep you around once they steal the needed technology to wipe your ass out in the global markets.

What a dumb ass--and this guy is on Obama's President's Economic Recovery Advisory Board!

Thu, 01/20/2011 - 16:39 | 891045 Don Birnam
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Frankly, traitorous.

Thu, 01/20/2011 - 15:35 | 890731 Sudden Debt
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I was just thinking.

People are starving and we are talking about how much sence the stockmarket still makes.

Who are the assholes now?

Thu, 01/20/2011 - 15:46 | 890776 Woppopotamus
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So why don't you go feed the starving people instead? Maybe you'll solve the problem with refeeding syndrome.

Thu, 01/20/2011 - 15:54 | 890813 hedgeless_horseman
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Let them eat AAPL.

Thu, 01/20/2011 - 15:49 | 890788 Dagny Taggart
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I thought we were talking about how much nonsense the stock markets make?

Thu, 01/20/2011 - 16:59 | 891168 Captain Kink
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when the market had rebounded to flat, S&P even up fractionally, my entire screen was still red.  And i have everything on there, from tech to banks, healthcare to commodities.  WTF.

Thu, 01/20/2011 - 18:35 | 891558 StychoKiller
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Do something about it:

Alleviate some suffering.

Thu, 01/20/2011 - 15:38 | 890744 Rockfish
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light of the Hu visit (thank you $19 billion China-US Boeing arrangement which has already cost 1,000 US jobs),

I went to that link read the article but there was no reference to $19b china us Boeing deal. I would be surprised if there were nodeal. I assume we are shipping more jobs out of the country to further enrich our 1% crowd so they"ll buy more coach bags and this will in turn create a tinkle down your leg affect.

Thu, 01/20/2011 - 16:29 | 890983 sourgrapesson
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If the deal was inked for sure I don't know either however my neighbor works at the Long Beach plant and he is getting laid off along with 899 other Long Beach C-17 Boeing workers.

So much for job growth........................

Thu, 01/20/2011 - 15:40 | 890752 john-zh
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I would call this a funny outcome.

Faber kept telling us,
A) that the asian markets are to prefer to the western economies, and
B) that price inflation ist dead sure to come due to relentless money printing.
Why did it take so long to reason that these countries will be the first to suffer from crazy price increases in food and clothing?

Thu, 01/20/2011 - 16:09 | 890890 Spitzer
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Why did it take so long to reason that these countries will be the first to suffer from crazy price increases in food and clothing?

All these soft pegs and the Chinese dollar peg could export this inflation back to the US so fast that Mish would hang himself. They could revalue the RMB by 50% in 15 minutes.

Thu, 01/20/2011 - 15:50 | 890791 alter ego
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1Billion people to feed vs 300 million.

Who is in a better position, US or China?


Thu, 01/20/2011 - 16:12 | 890907 dark pools of soros
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ours weigh 4 times as much....

Fri, 01/21/2011 - 05:52 | 892690 shortus cynicus
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additionally they may switch more to vegetarian food - feeding animals is a big wasting of nutrients

Thu, 01/20/2011 - 17:42 | 891380 Jaw Knee Cash
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In light of the recent "food safety and modernization act", the answer is China.

Thu, 01/20/2011 - 15:50 | 890795 puntme
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This guy should be hung for treason. 

Thu, 01/20/2011 - 15:54 | 890814 HarryWanger
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Meanwhile, SPX has gone green. Looks like a nice turnaround day. Still think we'll see 1250 fairly soon but I'm pretty impressed with the turnaround today. Nice intraday move for those dip buyers earlier today.

There was no fundamental reason for the market to be down today. All the data was good to very good and earnings this morning with Morgan putting up really impressive numbers. All and all, no reason for the market to be down and the dip buyers came in and snapped up cheaper shares.

Thu, 01/20/2011 - 15:58 | 890839 onlymyopinion
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1250 is an ALL-IN print.  I'd love to see it but sure ain't betting on it.  20% cash left plus a whole slug of margin waiting to pounce. 


Recovery gaining lots of steam and tons of cash waiting to get in the game.  1400+ is E-Z Moola. 

Thu, 01/20/2011 - 16:02 | 890851 Woppopotamus
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Hey Harry,

I'm sure this has been addressed previously. But are you Johnny Bravo? Something very familiar about this post and JBs old ones.

Thu, 01/20/2011 - 16:11 | 890900 HarryWanger
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No. Contrary to what the fringe here thinks, I have only one avatar and it's HarryWanger. 

Also, contrary to what the fringe here thinks, I do own a small consumer discretionary retail business and reported throughout the fall that we were seeing a big pick up. Of course, that was dismissed here but as we saw retail sales and the market steadily went higher.

January, typically one or our slower months, is off to a great start. It will be the best January in the 9+ years this company has existed.

Thu, 01/20/2011 - 16:16 | 890923 Woppopotamus
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I thought zerohedge was the fringe. Maybe I'm at the wrong place.

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