Marc Faber said on CNBC’s Trading Nation that the stock market could “easily give back five years of capital gains, which would take the market down to around 1100.” Getting to 1100 from the S&P 500’s Friday, August 12, 2016 close at 2184 would require a 50% crash. It’s not clear what has Faber so […]
Tag Archives: Marc-Faber
Faber: S&P to Crash 43%
Faber’s dour forecast is that the S&P 500, which ended Thursday trading at 1,943, amid a China-fueled global market rout, could plunge to its 2011 low. According to FactSet data, that would be 1,099.23, set that October. Faber referred to that outcome, a more-than-40% plunge in the broad stock-market benchmark, as his “medium bearish” scenario. […]
Faber: Stocks Could Drop 20-40%
The US stock market could “easily” drop 20-40%, said Marc Faber. Recently, there were “more declining than advancing stocks, and the list of 12-month new lows was very high on Friday. It shows you a lot of stocks are already declining.” He thinks US stocks are on the “high side,” sees “no growth” from Asian […]
