"Yesterday I was at a roundtable with so called enlightened people and all of them were relatively bullish and they all believed that the markets will continue to risethrough March or June and then have a correction, but ending the year higher or at least at the same level.
I think this complacency and unanimous belief that we can still go higher now may lead right now to a more meaningful correction and then later in the year maybe we can have a rally but not to new highs. And overall we can close the year lower than we are today."
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.
