A Crash Like in ’87?

Email Print
FacebookTwitterShare

Stock Market Crash Like in 1987 If Stocks Rally Without QE3

Market Oracle/Bloomberg

Marc Faber, publisher of the Gloom, Boom & Doom report, spoke with Bloomberg TV’s Betty Liu and said that, "I think the market will have difficulties to move up strongly unless we have a massive QE3 and if it moves and makes the high above 1422, the second half of the year could witness a crash, like in 1987."

Faber went on to say that, "I do not have a high opinion of the U.S. government, but the bureaucrats in Brussels make the government in the U.S. look like an organization consisting of geniuses."

       

Dr. Marc Faber [send him mail] lives in Chiangmai, Thailand and is the author of Tomorrow’s Gold.

The Best of Marc Faber

Email Print
FacebookTwitterShare
  • LRC Blog

  • LRC Podcasts