Marc Faber has been bearish on U.S. equities for a long time.
He no longer expects just a 20% correction; he expects something much more significant.
The interview below is interesting because Faber is questioned on why his bearish call in 2009 didn't come to fruition.
Faber defends his missed call saying that he has always recommended the following asset split for his investors and therefore they did participate in some of the bull run in equities, bonds and real estate:
- Equities 25%
- Bonds 25%
- Real Estate 25%
- Gold 25%
