Marc Faber On Today's 1987 Redux "Market May Drop 20% Or More"

In a little under 90 seconds, the venerable “Gloom, Boom, and Doom”er draws a number of eery similarities between the fundamental and technical backdrop before 1987’s equity market collapse and the current environment. With the 3rd Hindenburg Omen in 4 days suggesting anxiety is high, maybe he is on to something.

 

 

 

Hindenburg Cluster – 3rd in last 4 days…

 

and how we look compared to 1987…

 

Charts: Bloomberg

    

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