(Video)He sees collapse… Marc ‘Dr. Doom’ Faber: I will soon be proven right

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 Marc ‘Dr. Doom’ Faber: I will soon be proven right

The famed investor known as “Dr. Doom” has been calling for a 20 percent correction in stocks for years, only to see the market continue to march higher and higher. But rather than throw in the towel or even admit that his earlier calls missed the mark, Faber says stocks could fall all the way down to his early bearish targets.

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On Thursday’s edition of CNBC’s “Futures Now,” host Jackie DeAngelisplayed Faber a clip of comments he made more than two years ago, on Oct. 4, 2012, when he said that he has moved largely to cash because “I think within the next six to nine months, we can buy just about everything 20 percent lower.”

Of course, the S&P 500 has instead risen more than 40 percent to 2,040, leaving Faber’s unofficial S&P target of 1,160 (a 20 percent discount from the opening price on Oct. 4, 2012) deeply in the dust. So she asked if he still sees the market falling to that level.

http://www.cnbc.com/id/102183542
Read more at http://investmentwatchblog.com/marc-dr-doom-faber-i-will-soon-be-proven-right/#CR47jJZrJyiDs1Wz.99

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