What I'm telling clients? I think the summer is shaping up nicely and to take a holiday essentially. Because I think the gravy is out. We had a huge rally March to June.
It looked a week ago as if the market would break down. When markets are about to break down and they don't then there's a counter-trend rally.
The S&P 500 index might go as high as 970 or even 1020 but then it will turn down again. We have to look very carefully at how these results were achieved because there's a lot of massaging of results right now.
Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world. Dr. Doom also trades currencies and commodity futures like Gold and Oil.
