Monday, May 4, 2015
The Correction will be 30 percent or 40 percent minimum
"For the last two years, I've been thinking that U.S. stocks are due for a correction," "But I always say a bubble is a bubble, and if there's no correction, the market will go up. And one day it will go down, big-time." Marc Faber told CNBC recently .
"The market is in a position where it's not just going to be a 10 percent correction," Faber explains. "Maybe it first goes up a bit further, but when it comes, it will be 30 percent or 40 percent minimum."
And you can thank central banks around the world, whose massive easing campaigns have left "all assets are grossly overvalued,"
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