Friday, June 1, 2012
Marc Faber : Potential for a Market Crash in the Fall
Marc Faber interviewed by Fox Business News ( 31 May 2012 ) on the Potential for a Market Crash in the Fall Gloom, Boom & Doom Report Editor Marc Faber on the potential for a market crash."If we had a new high on the S&P in other words above 1422 in the summer say in July August , I think a crash will likely follow in the fall in other words in October November and will bring stock prices down very meaningfully " says Marc Faber
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Banks are a write-off to a significant degree because of sovereign debt that they cannot get fast enough out of. ZUrabia scenario may be upon us.
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