Marc Faber - S&P Wont Surpass 2011 High of about 1,370

Marc Faber : we had a rally from the low of the 9th of August at 1101 on the S&P to almost 1200 and then we came right down again and basically we did not make new lows and now I think that we can rally again for a while , ...what I mean is I think a lot of people will say the market formed a double low and we have some technical indicators that are going to turn positive and so we could rally around 1250 but as I said before for me we reached a high on the second of May 2011 1370 on the S&P that we will not go through , well no doubt nobody knows for sure , my view is you have a lot of people that are strategists that are very bullish they have a year end target of around 1400 , 1450 on the S&P then you have the super bear , that is may be both camps will be disappointed ....