22 February, 2010

I Would Look At The Market To Close Probably A Bit Lower Than It Started The Year

“I would look at the market to close probably a bit lower than it started the year in 2010. Equally, I don’t think we have a huge downside risk. If the Dow and the S&P dropped, say 15-20 percent, in other words the S&P towards 900, I think there would be more stimulus and more quantitative easing.”

in Bloomberg, February 22

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.