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 […]
Category Archives: Z-vals
Gundlach: Sell Everything
Noting the recent run-up in the benchmark Standard & Poor’s 500 index while economic growth remains weak and corporate earnings are stagnant, Jeffrey Gundlach, the chief executive of DoubleLine Capital, said stock investors have entered a “world of uber complacency.” … “The artist Christopher Wool has a word painting, ‘Sell the house, sell the car, […]
Kiyosaki: 2016 Collapse is Coming
Fourteen years ago, the author of a series of popular personal-finance books predicted that 2016 would bring about the worst market crash in history, damaging the financial dreams of millions of baby boomers just as they started to depend on that money to fund retirement. Broader U.S. stock markets are recovering from the worst 10-day […]
Moraif: Get Out of Stocks
“Despite a strong 316 point rally on Friday, the market lost almost 1% the week ended February 12th. Very similar to what happened the previous week when we saw big, violent swings on the downside with a strong 396 point rally to finish the week. … “We are advising our clients to be out of […]
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. […]
