Marc Faber –The Correction I Predicted Hasn’t Happened…

“Markets are significantly overvalued and we are not seeing the economic growth story being supported in the commodities market.” “There are some people now calling for DHIA 18,000 or 20,000 by year end.” “The S&P could then easily drop by 40%. The market needed the correction starting in February or March, it did not correct, pull back, just dipped and buyers bought the dips into record territory.” “I thought maybe we were in a year like 1987, where the market goes up strongly between 1 Jan and 25 Aug. 25. The market went up by 40% and then it crashed by 40% in 2 months.” - Dr. Faber said in a recent TV interview.

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