VIDEO: Mr. Gloom-and-Doom Marc Faber Says 2014 will be Worse Than 1987

Joel Anderson |

Predicting a 30 percent decline in the S&P 500, Marc Faber, a Swiss investor well known as a leading contrarian and market bear, said that it's not a good time to buy stocks. Observing that many stock valuations are in "coocoo land," Faber clearly believes that last year's boom is going to create this year's bust.

Of course, it's always worth taking any prediction of a crash from a man whose newsletter called the Doom Boom & Gloom Report with a grain of salt. That said, there's plenty of others predicting a bear market in 2014 after such a huge bull run in 2013. But, then again, most of them certainly aren't predicting a decline nearly that disastrous.

DISCLOSURE: The views and opinions expressed in this article are those of the authors, and do not represent the views of Readers should not consider statements made by the author as formal recommendations and should consult their financial advisor before making any investment decisions. To read our full disclosure, please go to:


Symbol Name Price Change % Volume
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