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I believe globally we are faced with slowing economies and disappointing corporate profits, and I will not be surprised to see the Dow Jones, the S&P 500, the major indices, down from the recent highs by say, 20 percent. That is not a big decline. If you can’t take a 20 percent decline, don’t get out of your bed in the morning. – in CNBC
Contrarian Investor Dr.Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.
2012-10-25 02:01:14
Source: http://faber-blog.blogspot.com/2012/10/if-you-cant-take-20-percent-decline.html