Thursday, April 23, 2009

Why the Nickname Dr. Doom?

"I earned my name as ‘Dr Doom’ for predicting that stock market crash a week before it happened. It was lucky that it happened so soon after I made the prediction rather than six months later."

Marc Faber cemented his reputation further by turning bearish on the Japanese market in the late 1980s and also predicted the Asian crisis in the late 1990s. Over the course of the 1990s the subscribers to his Gloom Boom & Doom newsletter grew steadily.

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