|There she goes???|
Marc Faber: Markets Will Drop at Least 20%
Any signifcant spike in long rates could make matters much worse as we have been warning for months now. Plus as the likelihood of a geo-political event increases so does market risk and the risks to the downside. Credit crunch in eurozone could just incinerate all values making equities difficult to justify with high systemic risks pushing to crush profits and liqidity. No Santa Claus ho ho hoing these days.
Dr Peter G Kinesa