Nouriel Roubini: Stock market rallies are likely to fizzle out during second half of of the year
Two days ago Marc Faber said,"the market has become overbought, the S&P 500 may retreat 20% from its 15 month height". In early January, he advised prudent investors to buy gold at its current price of about US$ 1,100.00
Earlier this week Robert Prechter of Elliott Wave International told CNBC that this is perhaps the last chance to get out of stocks. He believes that stocks will fall below the March 2009 lows. Prechter believes if deflation comes, gold could see a 40% drop from its peak.
George Soros : Gold is in the midst of the ultimate bubble. "When interest rates are low we have conditions for asset bubbles to develop", "The ultimate asset bubble is Gold"
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