The Economics and Political Science Room
It’s going to end ‘extremely badly,’ with stocks set to plummet 40% or more, warns Marc 'Dr. Doom' Faber
We are due another correction in the market. Can your portfolio stand it? If it happens, I will be just fine.
If the man often hailed as the original "Dr. Doom" is right, the stock market could see another "lurch" higher — at which point investors may want to cash out quickly and run for cover.
Marc Faber, the editor of "The Gloom, Boom & Doom Report' and a perennial bear, isn't backing down from his latest dire prediction that would send stocks plummeting by 40 percent or more.
A drop of that size could take the S&P 500 Index down from Friday's closing price of 2,438 to 1,463.
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