Daily Forex Commentary(severe correction in asset markets?)

Asia Times ^ | 01/09/06

[TigerLikesRooster]

Daily Forex Commentary

By Jack Crooks

Quotable "Because programming content needs to be filled and research reports must be written, a variety of institutional and cultural pressures make gurus profess to knowledge of the markets that no one can possibly have. Every morning they are expected to look at the future when, much of the time, they are merely misreading the present. The endless and often random oscillations of the stock market can make every market observer's ruminations seem right or eventually right. And on the occasion they may be wrong, they are never in doubt." - FJ Chu

FX Trading - A warning from Dr Doom In the background we are seeing growing concerns that a major correction in global asset markets may be brewing. Long-time international market guru and free-thinker Mark Faber told Bloomberg on Tuesday: "In the next few months, we could get a severe correction in all asset markets.'' Faber added: "In a selling panic you should buy, but in the buying mania that we have now the wisest course of action is to liquidate."

[TigerLikesRooster]

I suppose this means that real estate price would be coming down. I also heard that commodity price would be on its way down.

Sounds like a bumpy ride ahead.

[TigerLikesRooster]

Ping!

[oblomov]

We have a little turbulence ahead. Please return to your seats, and return your tray tables to their upright position.

Oh, and short IWM.