Thursday, June 6, 2013

Marc Faber: Don't Bet on New Market Highs

Marc Faber  : 'The Market Is Actually Quite Vulnerable'

Marc Faber :"Very near term, we are a bit oversold and we may rally back to around 1,660-1,670 on the S&P," he said. "On the backs of Intel,Microsoft and IBM we can make a new high. But the new high would not be confirmed by the majority of shares. I think the market is actually quite vulnerable."

"I think the market is rolling over," he said, pointing to the sharp drop in some international markets in recent weeks.


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