Thursday, August 16, 2012

Marc Faber: 2013 Will be a Difficult Year for Equities

Marc Faber is interviewed on CNBC Fast money about his market outlook. He explains stocks (and gold) have traded in a narrow range in the last few days, and he expects a breakout, most probably on the downside, but he does not rule out new highs... If the market goes down around 150 points, he expects the Fed to start QE3, 4, and the market could rebound, but he still think we have probably seen the high 
for the year. He concludes by saying 2013 will be a difficult year for stocks. 

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