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Phil Cannella: Economist Marc Faber Predicts Stock Market Crash

Phil Cannella: http://www.crashproofretirement.com

“Now there are two scenarios I can envision. The stock market has a correction now, say twenty percent or so, and then we move up again. Whether we make new highs or not is a different story. Or we go up by thirty percent then we collapse by forty percent. So I think in either case, i don’t believe that it’s a good time to buy stocks at the present time. My advice to retirees is: be diversified near-term. I think the market may very well go down starting next week.”

Phil Cannella: Economist Marc Faber had a grim prediction for the Stock Market when he appeared on The Crash Proof Retirement Show® and spoke to Phil Cannella about the future of the markets. He thinks a big crash is coming soon, and that now is not the time to be investing in stocks. If you’re interested in learning about alternatives to the stock market, visit http://www.crashproofretirement.com

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Marc Faber
Marc Faber (born February 28, 1946) is a Swiss investor based in Thailand. Faber is publisher of the Gloom Boom & Doom Report newsletter and is the director of Marc Faber Ltd, which acts as an investment advisor and fund manager. Faber also serves as director, advisor, and shareholder of a number of investment funds that focus on emerging and frontier markets, including Leopard Capital’s Leopard Cambodia Fund and Asia Frontier Capital Ltd.'s AFC Asia Frontier Fund.
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