He doesn’t think markets are going down because of Greece or the fiscal cliff (which he thinks will be avoided), he thinks the market will go down because corporate profits are going down and economies are going to weaken.
Someone please, hold him accountable for this prediction one year from now. He may very well be correct, but he sure makes a lot of predictions.
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He is simply a mouthpiece and promoter.
Want a controversial comment? Betta get Faber in....
Ithought he said this same thing a few weeks ago...but then he said it was going down 20% soon...