Monday, March 14, 2011

Is Marc Faber’s Stock Market Correction Finally Coming Due?

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Nearly five months have passed since Marc Faber’s prediction of a 10% correction in U.S stocks. It hasn’t happened. Will the month of March be the charm?

Speaking with Margaret Brennan on Bloomberg Television’s Oct. 26 edition of “InBusiness,” Marc Faber, dubbed Dr. Doom, said, “We are in the inflation trade again,” underscoring “a weak dollar, strong precious metal prices, strong equity prices especially in emerging markets and now in frontier markets, plus strong industrial commodities.”

“So, I think a correction is overdue,” he asserted.

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