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Thursday, November 8, 2012

Marc Faber On Obama's Re-Election: "The Stock Market Should Be Down 50%"

Marc Faber speaks with Bloomberg following the re-election of President Obama with his thoughts on what it means for the economy and the stock market.

After the re-election was confirmed the following day the stock market fell 2%, the largest one day drop this year. Faber told Bloomberg he felt the market should have fallen 50% with the news that Obama was back.