Tags: faber | s&p | 2011 | stocks

Faber Says S&P 500 Won’t Top 2011 High of 1370

Tuesday, 23 Aug 2011 07:26 PM


Marc Faber, publisher of the Gloom, Boom & Doom report, said the Standard & Poor’s 500 Index may see another rally, though it won’t surpass the 2011 high of about 1,370 by year-end.

The S&P may reach about 1,250, Faber said Tuesday in an interview with Bloomberg TV. The index closed at 1162.35.

Both the market “bears” and the “bulls” are set to be disappointed, he said.

© Copyright 2015 Bloomberg News. All rights reserved.

Around the Web

Join the Newsmax Community
Please review Community Guidelines before posting a comment.
>> Register to share your comments with the community.
>> Login if you are already a member.
blog comments powered by Disqus
Zip Code:
Privacy: We never share your email.

You May Also Like
Around the Web
Most Commented

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

© Newsmax Media, Inc.
All Rights Reserved