Tuesday, May 15, 2012

Marc Faber : Equity Markets this year resemble 1987

Marc Faber : Equity markets this year resemble 1987 as they had a “very strong start” followed by a “correction,” Faber told Bloomberg in an e- mailed response to questions today. “If we have a rally into August it could resemble 1987 with a crash in the fall.” - in Business Intelligence
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Dr. Marc Faber Tomorrow's Gold







Dr Marc Faber was born in Zurich, Switzerland. He went to school in Geneva and Zurich and finished high school with the Matura. He studied Economics at the University of Zurich and, at the age of 24, obtained a PhD in Economics magna cum laude. Between 1970 and 1978, Dr Faber worked for White Weld & Company Limited in New York, Zurich and Hong Kong. Since 1973, he has lived in Hong Kong. From 1978 to February 1990, he was the Managing Director of Drexel Burnham Lambert (HK) Ltd. In June 1990, he set up his own business, which acts as an investment advisor and fund manager.