Marc Faber: Market Correction is Underway

by | Sep 3, 2009 | Headline News, Marc Faber

Do you LOVE America?


    In a September 1, 2009 interview with New Delhi TV Dr. Marc Faber discusses the possibility of financial market corrections and global currencies. (Interview follows excerpts and comments)

    I believe in the next 10 days to two weeks we’ll get big moves in markets. And I wouldn’t be surprised if the Dollar would for a change strengthen and equity markets would correct and possibly quite meaningfully so.

    This seems to be the consensus among contrarian forecasters like Bert Dohmen, Harry Dent and Martin Armstrong. Perhaps we won’t see a comple collapse just yet, but a correction is likely on its way.

    Now what we have is extreme optimism among investor and economists about the outlook for the economy and about the stock market and extreme pessimism about the US Dollar. And, therefore for the next four weeks or even three months it’s possible that equities will dissapoint and that the correction that is going to happen is more severe than is anticipated….and that at the same time the US Dollar rebounds somewhat.

    The last time Dr. Faber made a call with certainty like this was back on March 6 in a CNBC interview where he recommended buying international stocks and commodities. And we all know how that turned out, so ignoring Faber here could be dangerous to your portfolio if you are expecting a continued rise in US financial markets.

    Shout out to Marc Faber Report for alerting us to this one

    Watch the Marc Faber September 1, 2009 Interview:


    It Took 22 Years to Get to This Point

    Gold has been the right asset with which to save your funds in this millennium that began 23 years ago.

    Free Exclusive Report
    The inevitable Breakout – The two w’s

      Related Articles


      Join the conversation!

      It’s 100% free and your personal information will never be sold or shared online.


      Commenting Policy:

      Some comments on this web site are automatically moderated through our Spam protection systems. Please be patient if your comment isn’t immediately available. We’re not trying to censor you, the system just wants to make sure you’re not a robot posting random spam.

      This website thrives because of its community. While we support lively debates and understand that people get excited, frustrated or angry at times, we ask that the conversation remain civil. Racism, to include any religious affiliation, will not be tolerated on this site, including the disparagement of people in the comments section.