By now all traders have heard of Dr Marc Faber and that he's a really smart investor/trader. This is why his recent comments will have shook us all up a little bit. According to Faber, there could easily be a 20 percent decline. “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.
Marc Faber is a famous contrarian investor and the publisher of the Gloom Boom & Doom Report newsletter.