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Marc Faber: "I Can Already Smell QE3... Soon We're Going to See Whether Bernanke is a True Money Printer, Or Just An Amateur"YouTubeAug. 06, 2011 |
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 Marc Faber of http://www.gloomboomdoom.com was interviewed on Bloomberg Tv on 5th August 2011. He mentioned that the current leg down is not really a major market selloff. That being said, he also said that 'whereby as of today, the markets are extremely oversold'. He thinks that there could be a 'snap back' rally that does not register a new high (on the major US equity indices). Moreover, he can already 'smell QE3'! 
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