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Marc Faber On Today’s 1987 Redux “Market May Drop 20% Or More”

Posted By admin On August 9, 2013 @ 5:29 am In Money Watch | Comments Disabled

Zero Hedge [1]
August 9, 2013

In a little under 90 seconds, the venerable “Gloom, Boom, and Doom”er draws a number of eery similarities between the fundamental and technical backdrop before 1987’s equity market collapse and the current environment. With the 3rd Hindenburg Omen in 4 days suggesting anxiety is high, maybe he is on to something.

Hindenburg Cluster – 3rd in last 4 days…

[2]

 

and how we look compared to 1987…

[3]

 

Charts: Bloomberg


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URLs in this post:

[1] Zero Hedge: http://www.zerohedge.com/news/2013-08-08/marc-faber-todays-1987-redux-market-may-drop-20-or-more

[2] Image: http://www.zerohedge.com/sites/default/files/images/user3303/imageroot/2013/08/20130808_Hind.png

[3] Image: http://www.zerohedge.com/sites/default/files/images/user3303/imageroot/2013/08/20130808_hind.jpg

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