Thursday, October 25, 2012

The US Market will be Oversold in about 10 Days time to 2 Weeks

ET Now: Do we brace ourselves for a year-end rally or a year-end fall, given the risk from a fiscal cliff in the US?

Marc Faber: We have peaked out recently a couple of weeks ago and we are in a downtrend. Eventually, the markets will be down 20%, but will be oversold in about 10 days' time to two weeks' time. So there can be a year-end rally, but certainly no new highs in the markets.
- in an interview today with the Indian  Economic Times 


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