Faber Bullish On Dollar In Near Term

Author of the widely read "Gloom, Boom, & Doom" report, Marc Faber, suggested that the U.S. Dollar may rally 5-10% versus the Euro in the "near term" in an interview aired on Bloomberg Television.

He indicated that the dollar and U.S. equities may rally together, reversing the current trend where the stock market rallies on dollar weakness. Faber also said that he is anticipating higher volatility in 2010 and said that it will be much more difficult to make money in the markets in the coming year. “I think 2010 will be more of a year when not to lose any money will be very important,” said Faber.