Markets could fall 20 to 30 percent

Stock markets are oversold in the next ten days on a very short term basis, not just in the US but in other countries as well. The S&P could rebound to 1630 - 1640. The highs from May was 1687 and the markets could correct 20 to 30 percent from those highs.

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