Monday, January 13, 2014

We Have Peaked Out And We Are In A Downtrend

We have peaked out recently a couple of weeks ago and we are in a downtrend. Eventually, the markets will be down 20%, but will be oversold in about 10 days' time to two weeks' time. So there can be a year-end rally, but certainly no new highs in the markets. - in Economic Times 

Related: SPDR SP 500 ETF (SPY), iShares MSCI Emerging Markets Index (ETF) (EEM)

Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.Dr. Doom also trades currencies and commodity futures like Gold and Oil.

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