Monday, February 24, 2014

A significant adjustment in the US Market likely to start this year




  
Lelde Smits: Now Marc you have also predicted equity markets are overdue for a correction of between 20 to 30 per cent. Over what time frame are you expecting this to play out?
 
Marc Faber: I think this year will probably have a market correction that is more meaningful in the US. We already have this 20 to 30 per cent correction in emerging economies stock markets, but it hasn’t happened yet in the US. So what you have is essentially the US marching up and emerging markets moving down and I think a significant adjustment in the US is likely to start this year.
- in Finance News Network Australia


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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Dr. Marc Faber Tomorrow's Gold







Dr. Marc Faber author of the Gloom, Boom and Doom report is a world class Investor, Doctor Faber 's typically controversial and contrarian views have earned him the label of Dr. Doom. Doctor Doom also trades currencies and commodity futures like Gold Natural Gas and Crude Oil.Even his harshest critics must admit that he's been unerringly correct in his market forecasts over the past three decades . Marc Faber is a Swiss investor.He was born in Zurich, Switzerland. He went to school in Geneva and Zurich and finished high school with the Matura. He studied Economics at the University of Zurich and, at the age of 24, obtained a PhD in Economics magna cum laude. Between 1970 and 1978, Dr Faber worked for White Weld & Company Limited in New York, Zurich and Hong Kong. Since 1973, he has lived in Hong Kong. From 1978 to February 1990, he was the Managing Director of Drexel Burnham Lambert (HK) Ltd. In June 1990, he set up his own business, which acts as an investment advisor and fund manager. Faber is publisher of the Gloom Boom & Doom Report newsletter and is the director of Marc Faber Ltd which acts as an investment advisor and fund manager.