Tuesday, August 13, 2013
Marc Faber : 20% Market Decline is not a Crash
Marc Faber : well, actually, i didn't predict the crash, i said that by year end, the market would be 20% lower than it is now. i don't consider that the crash. i consider a crash a 90% decline. and that is not likely to happen, because the feds will continue to print money. i just overheard the previous discussion about some of the resource and materials stocks. i think they're rallying because people are beginning to realize that with all the money printing, that is going on, commodities may bottom out soon, and that assets may be more desirable to own than paper.
in a recent CNBC interview , Click here to watch the full interview >>>>>
Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.
Posted by Nicole Bourbaki