9 Aug 2013

Marc Faber On Today's 1987 Redux "Market May Drop 20% Or More

In a little under 90 seconds, the venerable "Gloom, Boom, and Doom"er draws a number of eery similarities between the fundamental and technical backdrop before 1987's equity market collapse and the current environment. With the 3rd Hindenburg Omen in 4 days suggesting anxiety is high, maybe he is on to something.

Hindenburg Cluster - 3rd in last 4 days...

and how we look compared to 1987...

Charts: Bloomberg

Comex Loses 40% of its Gold in 6 Months -- SRS Rocco