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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Marc Faber : Forget about Greece , China might be a bigger Problem

Marc Faber : I think the attention may be focused on Greece because everybody can blame their wrong forecast on Greece they can say Oh the markets are going down because of Greece or they can say the markets are going down because of the loss of JP Morgan not an easy explanation , but the fact that industrial commodity prices are so weak has nothing to do with Greece at all it has to do most likely with very meaningful slowdown in china and possibly even a crash in the Chinese economy - in Bloomberg
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