Marc Faber : I can already smell QE3

"Marc Faber : well as I said I think the market is extremely oversold as of today and I think we can have a snap back rally say 40 or 50 points on the S&P but no new highs and I always said starting February that a correction is under way and that we will go down to say 1100 , 1150 something like this but now may be it is not going to happen that we go down to 1100 because I can already smell QE3 and the next few weeks or next week will be important to see whether Mister Bernanke is a really a true money printer or just an amateur money printer , if he is a true money printer he will start printing soon and then the markets will rally but no new highs as I said..."

at http://marcfaberchannel.blogspot.com/2011/08/marc-faber-i-can-already-smell-qe3.html?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+MarcFaberBlog+%28Marc+Faber+Blog%29