Wednesday, August 10, 2016
Marc Faber calls for a 50% Market Crash
Marc Faber: S&P is set to crash 50%, giving back 5 years of gains
"I think we can easily give back five years of capital gains, which would take the market down to around 1,100," Faber said, referring to a level 50 percent below Monday's closing on the S&P 500.
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