Breaking News from Moneynews.com Faber: US Stocks are Expensive, Oil is Cheap Oil looks cheap compared to roaring metals like copper, he says. "Oil prices could go up substantially even from these levels. I don't think that oil is expensive compared to other commodities or compared to other goods prices in the world." Dear Reader: The latest CPI number released this week shows that inflation is beginning to rear its ugly head. Europe and China, as well as many emerging markets, are witnessing inflation now. And, if you have noticed, gas, food, and other commodity prices here in the United States have skyrocketed. The new best-selling book, The Great Super Cycle, predicted this and worse to come. The author, David Skarica, who predicted the last crash and recent market rally, sees a massive dollar devaluation ahead. He offers advice on what you must do NOW to protect your wealth. Please click here to find out how you can get this book 100% free Aaron DeHoog Financial Publisher Newsmax and Moneynews
Tuesday, 22 February 2011
Buy oil and sell stocks, says contrarian Marc Faber, editor of the Gloom, Boom and Doom report.
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