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Marc Faber: More S&P downside, commodities ‘horrible’…except gold

Posted on 24 June 2013

With the S&P 500 SPX 0.27% down 2.4% after the Fed laid it on the line, it shouldn’t come as too much of a surprise to see the bears out there growling away. Noted contrarian Marc Faber told CNBC on Thursday that he sees further downside for the S&P.
“…not because of Fed’s statements because, like always, they hedged their bets in the sense that this tapering off would not neccesarily stop. Mr Bernanke said if the economy does not improve along the lines that we expect we will provide additional support. I think the markets are worried about something else,” says the publisher of the GloomBoomDoom report………………………………………..Full Article: Source


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