“Doom, Boom and Gloom Report” editor Marc Faber tells “Closing Bell” he thinks the stock market will suffer a major drop sometime this year. Host Maria is of course just as skeptical of downside risks as she was at the peaks in 2000 and 2007…ah memories… I am not sure if the perma-bulls are truly simple and ignorant about the nature of market cycles, or whether they chose to be willfully blind in order to do their job as stock pumpers. Either way the next bear market is likely to drive even more viewers away from business television. Here is a direct link.
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