Stock Market Crash Like in 1987 If Stocks Rally Without QE3
Marc Faber, publisher of the Gloom, Boom & Doom report, spoke
with Bloomberg TV's Betty Liu and said that, "I think the market
will have difficulties to move up strongly unless we have a massive
QE3 and if it moves and makes the high above 1422, the second half
of the year could witness a crash, like in 1987."
Faber went on to say that, "I do not have a high opinion of
the U.S. government, but the bureaucrats in Brussels make the government
in the U.S. look like an organization consisting of geniuses."
Marc Faber [send him
mail] lives in Chiangmai, Thailand and is the author of Tomorrow's
© 2012 Market Oracle/Bloomberg
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