Marc Faber Sees A 1987-Like Crash Approaching

thatguy · May 11, 2012

http://www.zerohedge.com/news/marc-faber-sees-1987-crash-approaching

Marc Faber said:

noting that unless we get a huge QE3, there will be "a crash, like in 1987"
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"I think that QE3 will come, but it depends on asset markets. If the S&P dropped here another 100-150 points, I think that QE3 will occur. But if the S&P bounces back and we are above 1400, I think the Fed will essentially be waiting to see how the economy develops. The economy in the U.S. consists of different economies, some of it is very strong. I was in southern California and there the economy is doing fine. In other places, it is not doing fine. It is not universally bad. Compared to other countries, it is actually doing relatively well."
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Llike night follows day markets eventually tank and eventually get bailed out... the joys of being a stacker and seeing the future

upandaway · May 11, 2012

PPT will be at work today but I'm not sure they can save it. Could be going down hard here. Thought they would save it for the Facebook IPO but now with the JPM numbers who knows !

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Marc Faber Sees A 1987-Like Crash Approaching

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Marc Faber Sees A 1987-Like Crash Approaching

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