The stock market appears to be at a critical inflection
point. That’s the takeaway from widely followed economist Marc Faber, author of
the Boom, Gloom & Doom newsletter.
Faber’s bearish market calls have been followed closely
since 1987 when he warned his clients to cash out before Black Monday. And in a live interview on CNBC’s Fast Money
Halftime Report, Faber again warned that economies of the world may be on the
brink of a serious slowdown. Faber
indicated that while investors remain focused on Greece and Europe – other
issues, bigger issues are looming. And they’re more threatening.
“As an observer of markets – whenever everyone focuses on
one thing – like Greece and Europe – maybe they miss issues that are far more
important – such as a meaningful slowdown in India and China.”
The latest reports from Beijing would support Faber's
assertion….
Read this and weep: http://www.cnbc.com/id/47566735
No comments:
Post a Comment