We will have significant geopolitical problems in the world

Marc Faber : "...well I think we had huge move (in equities) from march 2009 lows and then we made an intermediate peak in April 2010 and then we had a big correction in July first 2010 and since then the S&P rose from 1010 to a peak of 1370 the other day and so basically we had from the low in last July a rise of 35 percent and I think we need a correction period for these markets and we need a shake out both for commodities and for equities , and I think , people always ask why is the market is going up and why is the market going down and frequently you will know later on , I happen to think that the global economy is slowing down meaningfully at the present time and that earnings estimates are by in large too optimistic and that we will also have significant geopolitical problems in the world "


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Contrarian Investor Dr.Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.