Marc Faber’s Forecast for the U.S. Stock Market is Frightening
Faber advises buying gold and shares of gold miners
by Mark DeCambre
Market Watch
The U.S. stock market is in free fall.
A little over a handful of days into 2016 and the Dow Jones Industrial Average has lost 5.2% of its value for the year, the S&P 500 index has dropped about 5%, and the Nasdaq Composite Index has tumbled nearly 6.4%.
But perma-bear Marc Faber says it could be a lot worse. The Swiss investor who publishes the Gloom, Boom & Doom Report told MarketWatch that the stock-market downturn could result in the S&P 500 hitting lows not seen in five years.
Faber’s dour forecast is that the S&P 500, which ended Thursday trading at 1,943, amid a China-fueled global market rout, could plunge to its 2011 low.
Continue Reading at MarketWatch.com…
Source: http://financialsurvivalnetwork.com/2016/01/marc-fabers-forecast-for-the-u-s-stock-market-is-frightening/?utm_source=rss&utm_medium=rss&utm_campaign=marc-fabers-forecast-for-the-u-s-stock-market-is-frightening
