Wednesday, June 26, 2013
Marc Faber: Stocks could fall 20% to 30%... easily
Simply put, Faber adds, "we are going to see QE99," and while he notes that equities, bonds, and gold are "very oversold," he would "rather buy bonds and gold than equities."
From his views on Laszlo Birinyi to inflation, the 'taper', US housing, and China, Faber calmly warns that "the S&P could drop 20-30% from the recent highs - easily."
"The only thing that I know is that I want to own some physical gold because I don't want all of my assets in financial assets." - in Bloomberg