Dow Jones Industrial Average: Marc Faber Says Stocks Are Set For A Possible Repeat of 1987

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February 15, 2013 1:09pm NYSE:DIA NYSE:DXD

bearbull21-150x1501Stocks are up big to start 2013 but Marc Faber, Editor & Publisher of the Gloom, Boom & Doom Report, says it ends in tears.


“Either the market is going to correct more meaningfully now or we have a shallow correction and a continuously rising market until July or August,” Faber told me via phone from Thailand. If stocks don’t pullback soon, he says we risk a repeat of 1987 when stocks rallied 40% into summer only to collapse 41% in 2 months.

“In March of 2009 everything looked horrible, now nobody can find a reason why stocks could go down,” Faber claims. “We ask that you should buy stocks when everything looks horrible, you shouldn’t rush to buy them when everything looks perfect.”

See the full Breakout video below:

ETF DN Related Tickers:  Dow Jones Industrial Average (INDEXDJX:.DJI), Dow Jones Industrial Average ETF (NYSEARCA:DIA), ProShares Ultra Short Dow 30 (NYSEARCA:DXD), Direxion Daily Small Cap Bear 3X Shares ETF (NYSEARCA:TZA), Direxion Daily Financial Bear 3X Shares ETF (NYSEARCA:FAZ).


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