March 22, 2012

Marc Faber: We may have huge correction within the next three months

As we know Marc Faber has been recommending for quite some time that people keep about 25% of their portfolio in equities. Yesterday the publisher of the

Gloom Boom and Doom

report stated that even though he is not completely out of the stock market he believes that we may have a huge correction coming in the next three months. So he is warning about the possibility of market losses soon.

Marc Faber is a great contrarian investor and publisher of the Gloom Boom & Doom Report. He is well known for his accurace predictions of stock market crashes and other correct calls on different investment assets.

Dr. Marc Faber, born February 28, 1946, is an investment analyst and entrepreneur. Faber was born in Zürich and graduated in Geneva, Switzerland, where he raced for the Swiss National Ski Team. He studied Economics at the University of Zurich and, at the age of 24, obtained a Ph.D. degree in Economics..

Faber has a reputation for being a "Contrarian" investor and has been called "Doctor Doom" for a number of years. Faber is a regular speaker on the investment circuit and best known for the Gloom Boom & Doom Report newsletter. He has also written several books.