- Marc Faber, my hero, is forecasting Armageddon but still suggesting to buy stocks (though for his defense, his forecast is for the next 5 to 10 years, not short term).
- Bill Fleckenstein (who I highly respect) is extremely bullish on Gold and also thinks super-inflation is around and hence he doesn't want to fight Bernanke's printing presses.
- Jim Grant (highly notorious, but I don't like he's positions) has turned from a perma-bear to a bull after a 60% rally in the markets
As Bill Bonner put it in a recent post, "even before the rally began, Prechter foretold its story" :
“Regardless of extent, it should generate feelings of optimism. At its peak, the President’s popularity will be higher, the government will be taking credit for successfully bailing out the economy, the fed will appear to have saved the banking system and investors will be convinced that the bear market is behind us.”
It's just a matter of waiting and holding now...