Faber: 20% correction if S&P reaches new high
Marc Faber talks with Bloomberg about the outlook for US shares, saying he believes the market could correct 20% if the S&P reaches a new high (above 1150). That’s the definition of a cyclical bear market, by the way.
Faber also discusses the outlook for the euro and the dollar. The video runs just under five minutes.
About Edward Harrison
- European gold sale blunder reaches $40 billion 7 May 2009
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- Faber: Gloom, Boom or Doom? 22 Sep 2009
- Marc Faber: Obama makes Bush look like a genius 22 Jan 2010
- Marc Faber Raw 6 Jul 2009
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