Cover Your Shorts Don’t get caught as the market approaches another low, says Marc Faber
Marc Faber, editor of the Gloom, Boom & Doom Report, believes the rise in stock prices earlier this year was artificial and that the current May correction could turn into something more serious. Contrasting the situation in other world markets, Faber notes that US stocks are breaking down every day, giving back 3 to 4 months of previous advances. This is a very negative sign. When asked what investors should be doing today, he replies "cover your shorts in the next 10 days" as we are very close to approaching an intermediate low.