Doom and Gloomer Marc Faber Thinks Stocks Have Topped Out
- He thinks stocks have topped out for the intermediate term and perhaps the longer term.
- He does not think this is going to be a 1987-type collapse.
- Faber thinks that bonds have been oversold and could be due for a rebound.
On a personal note, I'm glad to see that it took all of a two-day slide in the stock market before CNBC started banging the drum about a "1987" style crash.