Marc Faber Sees Stocks Falling 20 to 30% In The Coming Months
I think it’s very likely that we’re seeing, in the next 12 months, an ’87-type crash,” he said in a TV interview Saturday. “And I suspect it will be even worse.”“it’s not a very good time right now to buy stocks.”“I believe that the market is slowly waking up to the fact that the Federal Reserve is a clueless organization. They have no idea what they are doing. And so the confidence level of investors is diminishing.” “I think there are some groups of stocks that are highly vulnerable because they’re in “cuckoo land” in terms of valuations.”
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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.