Featured Stories World News Commentary Money Watch Multimedia Prison Planet U.S. News Science And Technology

Marc Faber: We Could Experience A 1987-Style Crash This Year

  • Print The Alex Jones Channel Alex Jones Show podcast Prison Planet TV Infowars.com Twitter Alex Jones' Facebook Infowars store

Ben Duronio
Business Insider
Thursday, May 10, 2012

Marc Faber, the Swiss economist behind the Gloom Boom and Doom Report, had some strong words in an interview with Bloomberg TV earlier this morning.

The bottom line is I think the market will have difficulties to move up strongly unless we have a massive QE3. If [the S&P 500] moves here and makes a high above 1422, the second half of the year could witness a crash. Yes, like in 1987, because the market would become technically very weak. If it happens it would be a new high with very few stocks pushing up, and the majority of stocks have already rolled over.

Full story here.

This article was posted: Thursday, May 10, 2012 at 8:34 am





Infowars.com Videos:

Comment on this article

Comments are closed.

Watch the News

FEATURED VIDEOS
The Truth About the NYPD Murders See the rest on the Alex Jones YouTube channel.

NYPD Cop Killer Inspired by ISIS? See the rest on the Alex Jones YouTube channel.

© 2013 PrisonPlanet.com is a Free Speech Systems, LLC company. All rights reserved. Digital Millennium Copyright Act Notice.