From Zero Hedge:
"If you believe that [Bernanke] means what he says," explains Gloom, Boom, and Doom's Marc Faber to a spell-bound Trish Regan on Bloomberg TV, "then you believe in Father Christmas."
Simply put, Faber adds, "we are going to see QE99," and while he notes that equities, bonds, and gold are "very oversold," he would "rather buy bonds and gold than equities."
From his views on Laszlo Birinyi to inflation, the 'taper', US housing, and China, Faber calmly warns that "the S&P could drop 20-30% from the recent highs - easily."
"The only thing that I know is that I want to own some physical gold because I don't want all of my assets in financial assets."
Faber on whether problems will continue for the equity markets:
"Well, right now...
More from Marc Faber: