Thursday, August 8, 2013

Marc Faber: Look out! A 1987-style Crash is Coming

 "In 1987, we had a very powerful rally, but also earnings were no longer rising substantially, and the market became very overbought," Faber said on Thursday's "Futures Now." "The final rally into Aug. 25 occurred with a diminishing number of stocks hitting 52-week highs. In other words, the new-high list was contracting, and we have several breaks in different stocks."




Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.

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