Thursday, August 16, 2012

Marc Faber: Does he know what he's talking about?

This guy has been calling for a stock market crash for some time now in the U.S.A.  He's been very incorrect now looking back at this year's trends.  So here's his latest take on the markets.  It will be interesting to hear what he says when the DJIA breaks 14,000 soon.  Meanwhile the U.S. Stock Market rises and makes things on paper look good for rich investors but the LOWER CLASS (which includes the middle class) is standing by for the coming financial slaughter:

As for the usual Wall Street INDEX the Dow Jones Industrial Average (DJIA) and the S&P500, Marc says that he expects a 10% drop in the S&P soon.  If you look at the charts that is hardly anything at all really.  Have a listen:


...developing...