You're watching...
“The Gloom, Boom and Doom Report” Editor Marc Faber on why he has a bearish outlook for the markets.
Also in this playlist...
Auto-advance: ON
Auto-advance
This transcript is automatically generated
What do the bears think of this well we've got somebody that they called doctor Q&A couple people out there to get -- doctor Jim but he's the one who's got.
The newsletter that has the word -- -- it he's gonna brain on investors parade today are not mark Farber is editor and publisher of the gloom boom and doom report.
Joining us now live on the phone from Thailand mark I know that you've been watching the action today in the markets.
What is it do you change your entire outlook does it change it at all -- -- a little bit differently if so how.
But I think that the market that.
Off -- Bradley we have from below its march 2 without the bad -- arts degree -- eight.
I think it is NC gave -- bowl the good news.
That it helped write about it what it based -- -- -- mild form of recovery.
And I expect these that both of the last base you month the market -- back -- buried -- This elect -- -- you are a bit of volume -- right -- -- -- either they have -- speak about.
And they'd break we just had very complete.
It may eat or speak basic and and -- -- -- both -- he made not just yet correction negative -- spread.
But the beginning of the balance right.
Do you think it's the beginning of a bear market.
Well I think we may easily have a correction belt states and the -- -- but spend -- Either way boat docks are ordered -- -- -- percent.
So.
Additionally -- you see -- ten to 20%.
So a total of 30%.
What do we need -- -- want to make that -- yesterday we got some scary headlines about Spanish and Italian bonds.
So I don't think it's best deadline you.
But I being market have bought been toppled from below book without -- -- Barrett.
The global economy -- stated they have actually EBR -- great.
It had.
-- -- Outlook being cool because of huge government but they.
That these that -- the of the big dip could be used to -- -- Basically.
The -- they come from additional safety -- -- governments that.
But in principle.
We are -- -- -- position today than we worried there was doubt that a date if -- doubt but they weren't.
It's worse OK now we -- why they call you so so doom and gloom but mark what do you do I know you're investing somewhere where you putting your money.
-- -- -- but it will be more body great big.
And keep your eye were very about everything.
I -- they'd be you're better off -- -- -- They've been government bonds and cash.
Both the third big Powell made the but it will Gary.
I also advocate who -- the -- And I think what aspect brought back at worry you great big state but that -- Are all right it -- without both the United States BP.
Short term story -- and about that -- California.
They're not gonna go up by law.
But they have already -- great -- happened deep they get.
-- yeah all right mark Farber calling for an additional ten to 20%.
Correction possibly on top of what we've already seen.
Thank you very much I think mark depreciate a bit give it to my pleasure.
-- -- -- --
