Marc Faber Warns ‘Correction Is Overdue’ For U.S. Stocks

“Doctor Doom” Marc Faber, publisher of the monthly investment newsletter The Gloom Boom & Doom Report, talked about financial markets and investment strategy on Bloomberg Television’s In The Loop last Friday. Dr. Faber, who became famous for advising clients to get out of the U.S. stock market one week before the October 1987 crash, warned viewers via the phone that U.S. equities were overdue for a correction. From his exchange with show host Betty Liu :

LIU: So you’re saying we’re in for a correction on the S&P?
FABER: I think regardless of what the markets will do thereafter, near-term, a correction is overdue. And usually February is a seasonally-weak month. We will then have to watch how the correction unfolds. Whether maybe we’ve had already a major top like in January 1973 the market peaked-out and thereafter was sliding for two years. It will be interesting to see how the correction unfolds.

(Editor’s note: Italics added for emphasis)


“Marc Faber on Investment Strategy, Markets”
Bloomberg Television Video

By Christopher E. Hill, Editor
Survival And Prosperity (www.survivalandprosperity.com)

(Editor’s notes: Info added to “Crash Prophets” page; I am not responsible for any personal liability, loss, or risk incurred as a consequence of the use and application, either directly or indirectly, of any information presented herein.)

Tags: , , ,

Monday, January 28th, 2013 Crash Prophets, Investing, Stocks

No comments yet.

Leave a comment

Current day month ye@r *



Christopher E. Hill, Editor
87,086 Unique Visitors in 2013
360,266 Unique Visitors from
11/22/10-3/31/14
Please Rate this Blog HERE
America's Day of Reckoning is ApproachingNew Affiliate Partner! Casey Research
ANY CHARACTER HERE
free knife with blackhawk New Affiliate Partner! CHIEF Supply
ANY CHARACTER HERE
MyPatriotSupply.com Reviewed HERE
ANY CHARACTER HERE
Nitro-Pak--The Emergency Preparedness Leader Nitro-Pak Reviewed HERE
ANY CHARACTER HERE
JM Bullion Reviewed HERE
ANY CHARACTER HERE
Learn how to get Money Every Month with this report New Affiliate Partner! Casey Research
ANY CHARACTER HERE
Food Insurance Food Insurance Reviewed HERE
ANY CHARACTER HERE
GoldSilver.com Reviewed HERE
ANY CHARACTER HERE
Buy gold online - quickly, safely and at low prices BullionVault.com Reviewed HERE
ANY CHARACTER HERE
Free 2014 Gold Guide New Affiliate Partner! Casey Research
ANY CHARACTER HERE
Get Free Shipping at BrownellsBrownells Reviewed HERE
ANY CHARACTER HERE
Smoky Mountain Knife Works Reviewed HERE
ANY CHARACTER HERE
Buying Gold GoldMoney Reviewed HERE
ANY CHARACTER HERE
Going Global 2014 New Affiliate Partner! Casey Research
ANY CHARACTER HERE
New Affiliate Partner! CHIEF Supply
ANY CHARACTER HERE
RealtyTrac RealtyTrac Reviewed HERE
ANY CHARACTER HERE
PyramidAir.com Reviewed HERE
ANY CHARACTER HERE
Airsoft Megastore - Limited Time Savings, Save Up to 20% Airsoft Megastore Reviewed HERE
ANY CHARACTER HERE
 

Categories

Archives