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Marc Faber – His Crystal Balls Sees a Near-Term Drop in the Stock Market

August 15, 2012 | About:
CanadianValue

CanadianValue

212 followers
Don’t you wish Mr. Faber had to keep a track record of his various short-term predictions of the next 10% for the market? I’d love to see how reliable he is predicting something that is in reality quite unpredictable.

That I was I love Buffett. He would never suggest he has a clue where the market is going to go over a short time period.

In the video below Faber provides his short-term market outlook, his thoughts on the likelihood of further quantitative easing, which country he would like to invest in and other issues:



About the author:

CanadianValue
http://valueinvestorcanada.blogspot.com/

Rating: 2.7/5 (6 votes)

Comments

sapporosteve
Sapporosteve premium member - 2 years ago
Here is what CXOadvisory.com - which tracks Gurus predictions success/failure says about Faber

We evaluate here the commentary of Dr. Marc Faber regarding the U.S. stock market via his archived articles at “AME Info – The ultimate Middle East business resource” during late 2000 through 2007 and via his blog since the end of 2008. Marc Faber is publisher of the Gloom, Boom and Doom Report, which “highlights unusual investment opportunities around the world.” He is contrarian, holding that “many shall be restored that are now fallen and many shall fall that are now in honor.” The table below quotes forecast highlights from the cited source and shows the performance of the S&P 500 Index over various numbers of trading days after the publication date for each item. Grading takes into account more detailed market behavior when appropriate. Red plus (minus) signs to the right of specific forecasts indicate those graded right (wrong) based on subsequent market behavior, while red zeros denote any complex forecasts graded both right and wrong. We conclude that:

His accuracy level is at 48%.

I would not be heeding too much of what he says.

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