Marc Faber: US stocks and market vulnerable

In the US also many stocks have given up their gains. In the near term we are bit oversold and we may rally to around 1660 or 1670. We could make a new high but the new highs would not be confirmed by the majority of shares so I think the market is actually quite vulnerable.

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