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…

WWIII in Five Years

That’s according to Dr. Marc Faber – also known as Dr. Doom. He’s an economist and trends forecaster, with his own research organization at gloomboomdoom.com. He publishes a report and describes its purpose this way: The Gloom Boom & Doom report aims, based on economic, social and historical trends, to warn investors when investment themes have become widely accepted and are, therefore, highly priced and risky, while it continuously searches for opportunities in unloved and depressed markets. So, he’s not exactly looking for doom. He’s just looking for opportunities to benefit from doom – or at least bad news. It’s … Click here to read the rest…