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Marc Faber: 3pct Higher, Then DOOOOM

Globe Trotting newsletter writer Marc Faber went on CNBC this morning to issue his most chilling prophecy of doom yet.

Faber: The S&P500 may climb another 3.5% before a tragedy beyond human comprehension occurs.
Faber: The S&P500 may hit 2050 before 1987-style calamity.

 

How nervous should you be? Not very. A brief history of Faber’s recent calls for a “1987-style” crash:

 

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