Wednesday, May 23, 2012

Marc Faber : The Technical picture of the Market is actually quite bad

Marc Faber : If the market was not correcting now meaningfully and would continue to rise into July august then the likelihood of a crash in the fall was increasing and the crash will be in the order of say 87 , now we're in the midst of a very significant correction not so much yet in terms of indexes but many shares have already declines 20 to 40 percent from the highs some highs were actually reached a year ago in May of 2011 and some highs were reached late last year so the technical picture of the market is actually quite bad - 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.