Faber expects massive sell-off

The Swiss market guru Marc expects huge sell-offs later this year. Faber reported to Bloomberg that the current bull market, started in Augustus 2009, should be at his end. A five year period is way too long for a bull market compared to the real development of the economy he warned.

For the S&P 500 (now around 1900 points) Faber expects a decrease between 10 and 20 percent.