Wednesday, February 5, 2014
Marc Faber : I'm hoping for The Market to drop 40 percent
Marc Faber thinks stocks will correct by 20 percent to 30 percent but said they will present good value only if they drop more. With CNBC's Jackie DeAngelis and the "Futures Now" traders. "I think the market is way overdue for a 20 to 30 percent correction," said Faber, the editor and publisher of the Gloom, Boom & Doom Report. But that is "nothing that worries me," he said. "In fact, I'm hoping for the market to drop 40 percent so stocks will again become—from a value point of view—attractive."
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.
Posted by Nicole Bourbaki