MARC FABER: The big one is coming

Tuesday, August 9, 2016
By Paul Martin

Akin Oyedele
Aug. 9, 2016

Marc Faber is still bearish.

In a CNBC interview on Monday, the editor and publisher of the “Gloom, Boom & Doom Report” spoke on why he sees a 50% drop in the S&P 500 coming and why he likes US Treasurys right now.

Faber said stocks have rallied because of the easy monetary policies of central banks around the world that have increased the flow of money.

“When you print money, something goes up,” Faber said about the stock market.

“The real economy in the world is not doing well.”

And with the S&P 500 again hitting new highs seven years into the bull market, Faber is calling for a 50% crash.

“I think we can easily give back five years of capital gains, which would take the market down to around 1,100,” Faber said.

The benchmark index closed down 0.13%, at 2,180.10, on Monday.

Faber said he owns some stocks, which make up 40% of his portfolio with emerging-market bonds.

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