Marc Faber: Stocks will Fall

Saturday, October 6, 2012

Marc Faber: Stocks will Fall

Marc Faber : "Unfortunately I have a lot of dollars," he said. "I just want to have a lot of cash because I think that within the next six to nine months we can buy just about anything 20 percent lower than it is now." Faber added that he thinks "a lot of stocks have peaked out," specifically mentioning Apple, which has edged lower 0.6 percent over the past month. - in CNBC
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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.