Must watch Marc Faber on Bloomberg yesterday. 3 minutes.
Faber annihilates the Deficit President.
"It's difficult to tell where the market will go from here because we have so much manipulation. It's money printing versus weaker corporate earnings."
"I'm surprised. On the re-election of Mr. Obama, I would have thought the market should be down at least 50%. Mr. Obama is a disaster for business, a disaster for the United States. Not that Mr. Romney would be much better.
But I think the Republicans understand the problem of excessive debt better than Mr. Obama, who basically doesn't care about piling up debt. And in the background you have Mr. Bernanke, who, with aritificially low interest rates, enables the debt to escalate ENDLESSLY!"
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