” Marc Faber is one of the most widely followed strategists working today. His insights are highly valued for being remarkably accurate.
A celebrated economist and author of the Gloom Boom Doom newsletter Faber is a renowned bear, who first rose to prominence after he correctly predicted the Crash of ’87.
Since that time he predicted the rise in the price of oil, precious metals, and other commodities as well as the decline in the dollar and the 2007 Great Recession.
Affectionately named Dr. Doom because his commentary is often negative, it’s fair to say that when Faber speaks the Street listens.
And on Wednesday Faber told CNBC’s Fast Money to beware a false rally in the late summer or early fall.
Faber believes catalysts are currently in place that could trigger an advance.”
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