George Soros, Marc Faber Say It's Only a Bear Market Rally

Legendary investor George Soros, co-founder of the famed Quantum Fund with Jim Rogers, told Bloomberg: “It’s a bear-market rally because we have not yet turned the economy around," and reiterated that this financial crisis is worse than anything we've seen in our lifetimes.

Marc Faber is also quoted in the article, saying the S&P index may fall to around 750, and rebound after July.