Dr. Marc Faber said that, in general, corporate earnings will disappoint.
“They may not collapse, but I don’t think they will be as a good as expected,” Faber said. He said cyclical stocks, such as semiconductors and materials companies, will have tough time matching earnings expectations. - in a recent interview with Yahoo Finance
Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.