Friday, May 25, 2012

Marc Faber outlook for the Market in 2012 and beyond

Marc Faber : The Market may rebound somewhat not make new high and then they'll probably drift and then from the highs which we reached from April 2nd on the S&P at 1422 I think will drop something like 20 / 30 percent then I think the market will become oversold and become again reasonably good value - in Bloomberg
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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.