http://www.gloomboomdoom.com Feed Description. en-us Copyright notice Fri, 1 Jan 2010 21:30:00 GMT marc.faber@gloomboomdoom.com webmaster@gloomboomdoom.com http://www.gloomboomdoom.com I hope you had all a great New Year's Night and I wish you from my heart all the best in 2010 It is premature to know if the recent upside breakout move for the S&P above the trading range which was in place since the end of October (the S&P 500 touched 1102 on October 21, 2009) is a genuine break out move leading to another 10% to 15% stock market advance, or whether we are dealing with a failed breakout move, which could lead to a reversal and a sharp downside correction, as was the case for the Euro in late November. Asset markets have become extremely complex and all I wanted to do is to prepare my readers for a rather difficult 2010, a year in which – at least for me – capital preservation is of paramount importance. marc.faber@gloomboomdoom.com Fri, 1 Jan 2010 21:30:00 GMT id_01