February 15, 2012

S&P 500, We Don`t Know How Bad The Correction Will Be

The homebuilders in some cases are up 100 percent from the lows last October/November. The banks are up 60, 70 percent from the November lows. I would just wait here a little bit because we don`t know how bad the correction will look like... It could be 100 points on the S&P (500 Index), it could be 200 points. - in Fox Business

Marc Faber is a great contrarian investor and publisher of the Gloom Boom & Doom Report. He is well known for his accurace predictions of stock market crashes and other correct calls on different investment assets.