Timing & trends

 

Marc Faber: Hoping for 40% Correction

Posted by Marc Faber via CNBC

on Thursday, 13 February 2014 22:10

“I think the market is way overdue for a 20 to 30 percent correction,” said Faber, the editor and publisher of the Gloom, Boom & Doom Report. But that is “nothing that worries me,” he said. “In fact, I’m hoping for the market to drop 40 percent so stocks will again become—from a value point of view—attractive.”Faber added with a chuckle: “But that is not the view of someone who is fully invested—obviously not.” “I think stocks are, by and large, fully priced,” Faber said. “I think the experience with quantitative easing is a complete failure. It has lifted asset prices and created asset inflation, but it hasn’t lifted the standard of living of most people in the U.S. nor worldwide.””I’d like to reserve the opinion about this until we see the nature of the rebound,” he said. “If the rebound fails around 1,820 [on the S&P 500] and then the market starts to drift again on the downside, and we see important shares for the market such as General Motors, GE, Coke … failing to make new highs, then I think we can assume that something more serious is in the offing.”

Marc Faber thinks stocks will correct by 20 percent to 30 percent but said they will present good value only if they drop more. With CNBC’s Jackie DeAngelis and the “Futures Now” traders.

Screen Shot 2014-02-13 at 1.58.33 PMMore at MarcFaberNews.com:

Total Credit as a percent of the Global Economy is now 30 percent higher

 

 

Comcast’s proposed $45.2 billion takeover of Time Warner Cable would combine the country’s top two cable providers into a colossus that could reshape the U.S. pay TV and broadband industry if it clears regulatory hurdles.  Full Article

More Americans than forecast filed applications for unemployment benefitslast week, underscoring the uneven progress in the labor market.

Jobless claims increased by 8,000 to 339,000 in the week ended Feb. 8 from 331,000 in the prior period, a Labor Department report showed today inWashington. The median forecast of 52 economists surveyed by Bloomberg called for a decrease to 330,000.

9 jobs robots already do better than you

Posted by MarketWatch

on Thursday, 13 February 2014 17:14

1. Bartender

While your local bartender may fumble when you ask him for a Sex on the Beach or a Tight Twister, the Monsieur robot bartender, who knows 300 cocktails and can make them in seconds, will not. And should you not know what you want, you can pick a theme like “bachelorette party” or “Irish pub,” and the robot will offer up some 20 to 25 drink selections for you to pick from. The manufacturer is selling the product to both businesses and consumers — the first robots (which retail for $5,000) will ship in April or May of this year; just don’t expect it to fully replace your local bartender anytime soon — the patrons need someone to cry to.

….for 9 more go HERE