My view is simply: relax. I don’t think that equities will collapse. I think we have major support going back to August 2010 when the S&P was at 1010.
Just over a year later, the S&P briefly dropped to a low of 1074 on October 4, 2011... We have a lot of support around 1100, and if the S&P drops 200 points, I guarantee you the Fed will come in with QE3 and QE4 and so forth. - in CNBC
Related, SPDR S&P 500 Index (SPY), iShares Russell 2000 Index ETF (IWM), PowerShares QQQ Trust, Series 1 ETF (QQQ), iShares MSCI Emerging Markets Index ETF (EEM)
Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.
