Faber Vs. Siegel: Bull vs. Super-Bull
Business Insider - over 4 years
Here’s an unusual duo for this version of bull versus super bull. In an interview on CNBC earlier today, Marc Faber, generally a bear, said he was bullish on equities in the near-term mainly because investors have become too negative. Jeremy Siegel of Wharton, the noted permabull says stocks are long-term attractive. Now to be clear, Faber’s not that bullish. In a later part of the interview he said the global economy is entering a recession, China’s experiencing a hard landing, Europe is coming apart at the seams and that corporate profits were likely to get slammed. But he’s near-term bullish….More via CNBC with full interview below:
You won’t often find Marc Faber and Jeremy Siegel taking the same side of an argument, but both market gurus believe that, despite the global turmoil, investors are better off with stocks than government bonds.
…Faber, the noted bear and author of the Gloom Boom & Doom report, and Siegel, the bullish Wharton School professor, believe that
Business Insider article