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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…

Marc Faber On Todays 1987 Redux Market May Drop 20% Or More 20130808 Hind 0 [2]

 

and how we look compared to 1987…

Marc Faber On Todays 1987 Redux Market May Drop 20% Or More 20130808 hind 0 [3]

 

Charts: Bloomberg


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URL to article: http://www.prisonplanet.com/marc-faber-on-todays-1987-redux-market-may-drop-20-or-more.html

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

[4] Marc Faber Fears 1987 Redux As “Markets Will Punish Interventionists”: http://www.prisonplanet.com/marc-faber-fears-1987-redux-as-markets-will-punish-interventionists.html

[5] Marc Faber: We Could Experience A 1987-Style Crash This Year: http://www.prisonplanet.com/marc-faber-we-could-experience-a-1987-style-crash-this-year.html

[6] Hindenburg Omen Creator Has Exited The Market: http://www.prisonplanet.com/hindenburg-omen-creator-has-exited-the-market.html

[7] 6th Hindenburg Omen In 8 Days Sends Stocks Slumping: http://www.prisonplanet.com/6th-hindenburg-omen-in-8-days-sends-stocks-slumping.html

[8] Hindenburg Omen: Stock Market Crash Imminent?: http://www.prisonplanet.com/hindenburg-omen-stock-market-crash-imminent.html

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