Tuesday, December 31, 2013
There are so many warning signals, it is hard to believe
In early December, Faber said while his doomy predictions hadn’t played out yet in 2013, that didn’t mean he doesn’t expect them to come to fruition in 2014.
“A year ago, I expected a 20% correction, and it didn’t happen. But I also said at the time that one possibility was a repeat of 1987, when the markets went ballistic, and then crashed by 40%. I think we are in a similar situation,” he said.
“There are so many warning signals, it is hard to believe,” said Faber on his current outlook for the markets. - in Fox Business News
Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.
Posted by Biz TV