Market Crash Likely

According to Marc Faber, the US stock market conditions are almost exactly like what they were in 1987. In that year, markets reached a high on August 25th, and then crashed in October. On Black Monday (October 19, 1987), both the S&P 500 and the DJIA lost more than 20% of their value. When it was all over, the stock market had lost 36% from its August 25 high. “In 1987, we had a very powerful rally, but also earnings were no longer rising substantially, and the market became very overbought,” Faber said on Thursday’s “Futures Now.” “The final rally … Click here to read the rest…