Dow gained 158 points (+0.97%) on Wednesday forming the mini wave 2 of wave e of wave (xii). The next wave down will be the mini wave 3 of wave e. I am looking at 16000 level for wave (xii).
Marc Faber told CNBC, "The US market is in a very dicey position where it could easily drop 10 - 20 percent."
"I think we are bracing for a general asset deflation, I think the system is still very vulnerable. I'm not predicting a complete collapse because money printing can go on almost endlessly but it will have unintended consequences."
Click 'Marc Faber : This is not a very healthy market' for the report.
So, market will not collapse if money printing continues.
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