Marc Faber of the Gloom, Boom & Doom Report says the declines in the Japanese market have created a “lifetime buying opportunity”. Faber tells Yahoo! Finance’s “Breakout” that that doesn’t mean the market will turn upward right away; it could lose another 10% to 15%, but when the declines stop it should be ready for big gains in the 100%-200% range over several years. Faber also talks a bit about broader investing mindset, saying that if you’re not prepared to deal with a 20% to 30% decline in the stock market, you “should stay in bed”.
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