“The market became very overbought in mid-April. The S&P could still decline by another 10 percent, maybe 15 percent.”
in Bloomberg, May 24
Related ETF`s: SPDR S&P 500 ETF (Public, NYSE:SPY), ProShares UltraShort S&P500 (ETF) (Public, NYSE:SDS), PowerShares QQQ Trust, Series 1 (ETF) (Public, NASDAQ:QQQQ)
Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.
