Faber says S&P won’t surpass 2011 high of 1,370

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Marc Faber, publisher of the Gloom, Boom & Doom Report, appeared on Bloomberg Television’s “Street Smart” with Carol Massar and Matt Miller yesterday. Speaking from Sao Paolo, Brazil, Faber said that the S&P 500 Index won’t surpass the 2011 high of 1,370 this year, and that investors are “better off in equities than bonds”.

Source: Bloomberg, August 23, 2011.

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