European Markets Could Easily Correct 10 To 20 Percent From The Recent Highs

Marc Faber : I think European markets could easily correct 10 to 20 percent from the recent highs that we have had, but I don’t envision new lows. I bought some shares in Portugal, Spain, Italy, and France, and after I bought them in the last three to four months, the market rallied strongly. I am negative on equities for the next three months, I’m not saying they will collapse but they will go down and I will add to my positions when the market corrects here. - in Squawk Box CNBC Asia

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