Mr. Faber's comments were originally reported on February 23, the S&P 500 opened that day at 773.25. In the intervening week, the market was down over 9%.
From Bloomberg via MoneyNews:
Investment guru Marc Faber, publisher of The Gloom, Boom & Doom Report newsletter, sees better times ahead for the stock market.
That may surprise many, given that stocks dropped to fresh lows this week as the government wrestled with bank bailouts and rumors of nationalization in the financial sector.
But Faber tells Bloomberg that the economy and markets have slumped so badly that they should soon rebound — at least a little bit...MORE