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Marc Faber Fears Sudden 1987-Like Crash Or Longer-Term "Sliding Slope Of Hope"
Sometimes less is more (less good data is moar good for stocks) and in the case of Marc Faber's recent appearance on Bloomberg's "What'd You Miss", 66 seconds of honesty was all that the hosts could take.
The Gloom, Boom & Doom report editor notes "we have had a meaningful decline in many stocks already," and warns it is far from over as market face two possibilities of "longer-term unattractiveness": "a 1987-style collapse," or a 1973-74-style slow "sliding slope of hope."
In the full interview, Faber goes into more detail on the world's deflationary pressures amid "colossal financial asset inflation."
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Hope is Obama dropping a bar of soap in his bathhouse.
1987 was a result of arrogance and a false belief that the intelligence of our markets has conquered the economic and emotional aspects of market behavior with technology.
Obviously, we have moved way on beyond that. Er, uh, oh, oh shit.
Thrift _____. Insert word.
I love how these "news anchors" throw out shit questions with clear and obvious bias. They beat him up on multiple fronts, the most obvious of which was the "canned goods, ammo" right after "hyperinflation" bit while "jerking off TheBernank" because the house hasn't burned down yet.
Sometimes I wonder what these assholes would have looked like 150 years ago when most American families farmed the land, employed guns for self defense and hunting, generally didn't have a social safety net past extended relatives, nor was there a clear criminal class of useless eaters in which they could hide and mooch.
Can't God just toss a big rock at us already?
Regards,
Cooter
Can't sell a bunch of shit to the sheeple if everything is fucked up. It's got to be unicorns and rainbows in the end.
".....arrogance and a false belief that the intelligence of our markets has conquered the economic and emotional aspects of market behavior with technology......"
Indeed.
The coming Financial CATACLYSM. It'll be Ugly, Bloody, and Messy >> http://bit.ly/1KogtGi
Change is the size of the back door.
It's all Bullshit!!!
It seems like everyone is expecting a crash, though. If everyone expects it... maybe we won't actually get it.
Actually, with Gruber being right, I haven't seen much panic in the market, so I think we'll get the 1973 slow bleed out as people simply watch their money evaporate and hope next month's statement is better. Who knows.
maybe combo of both, continuing what we've seen last couple months...controlled demolition
Faber has been predicting doom for so long that it seems, like a stopped clock, he'll be right eventually.
On the other hand, he's been wrong for so long maybe his continued bearishness is a sign that its still O.K. to buy the dips.
Faber is hard to play.
I like short term indicators like Gartman much better.
I think he's a good fundamental analyst. Basically he's right, but the timeframe could be anything between one week and ten years, we can't know as we are not in control and there are no free markets left where fundamental developments are not being delayed by rampant manipulation
I dig charts. But there doesn't seem to be much correlation in that one. It looks like when my kids would get ahold of my pens.
"... what you're now seeing is profit and earning ratios are starting to get to the point where buying stocks is a potentially good deal if you've got a long-term perspective on it." - Obama
The next soapbox drama Media statement will be harbouring Obama. He never built that.
Obama: If You've Got A Business, You Didn't Build That - YouTube
" Markets could crash like 1987" --- well no shit sherlock
Also comparing charts from 30 / 20 years ago is about as smart as electing a gay black man as ceo of america inc.
faber has been saying that shit every day for the past five years
If our "transparent" FED mentioned in 2009 that at the end of 2015 that we'd still be talking about raising rates and lauching QE4 back then, I'm guessing Farber wouldn't have been so doomy. If you recall, TARP was considered evil and nothing of the same would ever be done again. The banks paid that back with interest years ago.
So, did you know in 2009 that we'd be talking about NIRP and QE4 heading into 2016? If so, you are a genius.
zh comments aren't archived since 2009 but rest assured i have been saying zirp 4evah and qe infinity from the beginning.
In 1985 we sent well over 1000 Banksters to the big house.
in 2007/8 we sent all Banksters to the rich house.
That change does not come without a price. And it will not be cleansed until we flush an equivalent amount of Banksters down the toilette now.
Things that are not happening: Bankers in jail
Keep on dreaming
As long as .gov stays in control you are right, just not sure how long that will last because things acn come unglued rather quickly and this problem has been brewing for quite a while.
duplicate
Maybe if it is stated enougj times it will happen. Oh wait, we will need the masterbaiter's of the universe around to rescue us from their next rip off
"The banks paid that back with interest years ago. "
To say that Banksters have paid back with interest is minimally stupid and most likely a blatant lie.
Fuck the Bankster apologists.
It's going to happen overnight. No one has the exact date of event. Meanwhile, BTFD.
I always enjoy your posts. Be very careful. Don't want you to lose everything. Just a Zerohedge family member helping out.
thanks. i own very little stocks and have been an outspoken advocate of USTs for years.
Again, just be careful.
UST?? you lend the US gov money??? are you nuts?
it pays well
Shemetah gone, blood moons/pope gone, no signs of a collapse......stocks back to all time highs soon. PM's smashed again.
I am going to borrow that line and wear it out, "66 seconds of honesty was all they could take..."
Don't worry, there will be a crash or a prolonged decline sooner or later. It always happened, it always will and it always happens at the worst possible time. If the market goes full bulltard, go long and use stops. If the market blows itself apart after you get stopped out, so what?
As they get more and more desperate. Gold and silver monkey hammered now at night AND 9:00 AM
problem is at no previous point did you have a Federal Reserve openly manipulating the market like today. Heck they will just print another $4 Trillion...I mean who is going to stop them....analyst at S&P, Goldman, Treasury? They are so dirty at this point...open theft isn't really new. They can buy private arms to protect themselves....heck the Police of today are more heavily armed than 95% of the worlds armies! They have nothing to lose.
Oh please, for eight years we have heard the end is near. But 95 million brain-dead “investors” cannot be wrong…cannot be allowed to be wrong. In the land of the lemmings, where more debt is good, and even moar debt, is more better, what could go wrong? Millions now sit at home, and watch TV; no need to work with all the handouts. They eat potato chips, drink beer, and get free health care, including a little cart to ride around in when they weigh 400lbs and they amputate their useless legs.
Everyone knows the Fed will defend the markets. Lousy earnings are met with news of massive new stock buybacks using cheap Fed credit. Bears who try to short bad news are gored every day. This is the ‘new normal’ and only a total collapse will scare people into selling stocks. The Fed would have to publicly proclaim they are giving up and are out of ammo and ideas. That will never happen. The algo-driven HFT machines rule the markets and take out the bear’s stops.
Austerity will never happen either, congress knows it means total collapse. The ONLY path left is more debt…get used to it. Car loans now at $1 TRILLION, and going to two. Student loans at $1.2 TRILLION and heading there too. Nobody cares; they have NO intention of EVER paying off their loans. Just wait around for forgiveness and then comes new bank bailouts. Rinse-repeat.
Yep.
I believe you are correct except....all of this plays as you say until...we see large corporations...and banks...fail. When the government's are forced to bail and bail big, it going to be hard to do it with a straight face. Everyone has already had to admit the markets are supported by the Fed, even if they won't say it on camera. But if we see the big ones fall, the level of Fed participation will be irrefutable and absolute in its demonstration of economic systemic collapse. If what Martin Armstrong says is true, we will see a bond collapse that will signal an end to ANY confidence in government and may well contribute to some BTFD in the stock market. God only knows how it can spin from there.
Exactly, this is a system relying on everyone drinking the koolaid and believeing in the emperor with no clothes (big money basically gets 2 choices, bonds or stocks).......once the bond markets are toast, look out below as the whole house of cards gets burned to the ground.
Not to pimp Denninger, but - if you don't understand the damage being done to laddered bond portfolios, then maybe you shouldn't be so blase about the Feds (in)ability to float all boats. There is a price to be paid for all-in manipulation, and the cancer under the surface metastasizes at an increasing rate. If an entity who must have x yield in order to be solvent can no longer get it within a certain risk parameter, then the Fed in essence forces them too to be all-in. HY, dodgy derivatives or equities, pick your poison - all can and will end in tears.
Bwahaha - when pensions and annuities are all locked into the pseudomarket, the owners can sell out and call checkmate in a moments notice.
/"Pull it!"
This is a trashy Spin. Which is Which, a collapse or a long landing ?
Assest inflation in fiat terms... but not gold and silver terms....that's why I will buying nice commercial property with 100 ounce bars of silver in the future....
kinda funny that people expect stocks to go up as the firms "own assets" .... well there won't much in sales revenue... and no central bank proping them up, plus debt piled high... that's a joke.. I am surprised smart people allege this..
The crash may not come until the FED is burned down... why would the west let the market crash??? They can just print
Anybody seen Jim Rogers lately?
I miss his predictions about commodity and farmland prices.
You rang?
Hi all,
According to my own developed cyclical model (the TripsTrading Cycle Model, TTCM), Bradley Dates (purple B) and the crash cycle, the S&P500 is likely to change trend OCT 8-10, OCT 13, OCT 16-19, OCT 26 and OCT 29-NOV 1.
Click here for the updated version of the TTCM.
http://tripstrading.com/2015/10/08/sp500-tripstrading-cycle-model-3/
Enjoy the day!
Edwin.
Listening to ZeroHedge is as bad as listening to Gartman who they mock at so much. You could have missed a 6year bull market and maybe the next one by reading this crap.
A key assumption of the current "escape velocity" mantra is that we have all the time in the world to deal with our problems, it discounts the notion that forward progress may at any time be fouled by events often beyond our control. This feeling all is well is strengthened by the government's optimistic projections and numbers that fail to recognize how another recession could skew future tax revenue and cause spending to soar.
The more and more I study derivatives it now appears the main goal of QE may have been to hold up the underlying value of assets that feed into and support the massive derivative market more than help the economy. The easy money policies and artificially low interest rates of the last seven years has simply moved demand forward and created a slew of economic activity that is unsustainable in what would be considered a normal economic environment. The article below looks at how this will result in a hard landing.
http://brucewilds.blogspot.com/2015/07/hard-landing-scenario-is-not-out-of.html