#MarcFaber advises to stay diversified in a recent interview with #Bloomberg

In an interview with Bloomberg on 23rd August, Marc Faber, publisher of the Gloom, Boom & Doom report, talks about global financial markets, commodities and investment strategy. He discusses the current state of the market, and his optimism for the markets NOT to come back down to the lows that were reached in 2009. Please see the following excerpts below from Marc’s interview, courtesy of Bloomberg Television:

Faber on whether this is the market rally he’s been expecting:
“We had rally from the low on the ninth of August at 1,101 on the S&P to almost 1,200. Then we came right down again. Basically we did not make new lows. And now I think we can rally again for a while.”

On why the markets won’t come back down again to the lows that were hit in 2009:
“On fundamentals one could make the case that we could go lower to around March 2009 lows at 666 on the S&P. But I think we have to be realistic that if the market dropped here another 10% or 15%, there would be for sure another quantitative easing move and other measures taken to support asset prices.”

Marc Faber will be delivering his un-missable analysis on the biggest economic issues shaping commodity markets, including China, inflation, sovereign debt and the next great asset bubbles at World Commodities Week 2011, on the 25-27 October at Grange St. Paul’s Hotel in London, UK. Find out his expert advice that investors should be taking, going forward after the recent shifts in the market, and how to stay ahead of the curve.

The World Commodities Week 2011 brochure is available to download here >>