“Stocks could drop 20 percent from their recent highs, says Marc Faber, publisher of the Gloom, Boom and Doom Report.
“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, the major indices, down from the recent highs by say 20 percent,” Faber told CNBC.
“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.”
If you enjoy the content at iBankCoin, please follow us on Twitter
