Marc Faber: Recent Weakness Might Signal Beginning of Downtrend

By on April 16, 2012

Marc Faber - April 2012 OutlookLiz Claman interviewed Marc Faber, editor of “The Gloom, Boom and Doom Report,” last week regarding his outlook for the markets.

Faber said the rebound from the March 2009 lows had already discounted some mild form of recovery.

According to Faber the market doesn’t look good now with anemic trading volume and insider sales picking up. Faber added that the recent market weakness might not just be a correction, but the beginning of a downtrend.

Faber said we could easily see the market drop 10-20%, and most stocks are already down 10% from their highs.

Faber said the global economy has actually deteriorated, but has been appearing to improve because of huge government spending. We are in a worse position now than in 2008 and 2009, according to Faber.

The interview continued with Faber’s thoughts regarding further money printing’s effect on equities, bonds and cash; also his opinion of gold and real estate in the southern U. S.

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