In general corporate earnings will disappoint. They may not collapse,
but they will not be as good as expected and my sense is they will
decline from the current level which is by historic standards extremely
elevated. In particularly cyclical companies, the Caterpillars, semi
conductors, companies in materials I think will have a tough time to
meet expectations of earnings.
Contrarian Investor Dr.Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.
