Wednesday, September 30, 2009
Tuesday, September 29, 2009
Sunday, September 27, 2009
Marc Faber Says Stocks May Have Peaked for 2009; May Drop 20%
> Sept. 25 (Bloomberg) -- Stocks may have already peaked for this year> and may drop 20 percent, Marc Faber, the publisher of the Gloom, Boom> & Doom report, said today in an interview with Bloomberg Television.
> "I wouldn't be surprised if we'd seen the peak of the market for this> year because the economic news isn't going to improve very much,"> Faber said on the sidelines of CLSA Ltd's annual investor conference> in Hong Kong.
> "The gold price, like equities, should correct, and we probably had a> false breakout on the upside," he said. "I wouldn't be surprised to> see a little bit more of a correction down to maybe 920 per ounce."
> Faber predicted on March 9 in a Bloomberg interview that equities> would rally because of government stimulus measures
.> The Standard & Poor's 500 Index dropped to a 12-year low of> 676.53 that day. The gauge has since climbed 57 percent.