"Ahead of, and just at the beginning of an economic recovery stock markets perform best. Thereafter, a more meaningful correction is the norm before the uptrend resumes. Since the advance from the March lows has exceeded most first phase market advances a correction is likely to occur either from the current levels or from a somewhat higher level"
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.
