Marc Faber : If the market was not correcting now meaningfully and would continue to rise into July august then the likelihood of a crash in the fall was increasing and the crash will be in the order of say 87 , now we're in the midst of a very significant correction not so much yet in terms of indexes but many shares have already declines 20 to 40 percent from the highs some highs were actually reached a year ago in May of 2011 and some highs were reached late last year so the technical picture of the market is actually quite bad - in Bloomberg
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