Marc Faber : A Possible 20% Decline in the Market after The Election

Saturday, August 11, 2012

Marc Faber : A Possible 20% Decline in the Market after The Election

Q: Would you be a seller in the strength over the next few weeks and do you see the levels of the June lows that you alluded to being broken in the September to November phase?

Marc Faber : Yes, I think these lows could be exceeded and that it maybe October-November or after the US election we could have essentially a decline of around 20% in the market.

- in CNBC TV18
Click here to watch the full interview >>>>>>>

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.