"Whenever a market turns down after extended uptrend, you don’t know for sure whether this is the beginning of the bear market or whether it is just the correction in an uptrend. My impression is that if correction could last somewhat longer — then we will have to watch a rebound whether the rebounds can bring new highs or not. If it fails to bring in new highs, the likelihood of a bear market than manifesting itself is quite high." - in CNBC
Related: iShares MSCI Emerging Markets Indx (ETF) (Public, NYSE:EEM)
Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.
