Marc Faber : QE3 will be a certainty if the Dow Jones or the S&P drop ten twenty percent

Marc Faber : " I think if the Dow Jones drops say ten , twenty percent from here or the S&P drops by similar amount ten twenty percent QE3 will be a certainty but the question is then whether the market can make a new high , I think we seen the high of the market when the S&P hit 1370 almost two months ago and that is high for the yield will stand that is not make new high " ..."
in CNBC Interview 14 July 2011