An “87-type crash” in the next 12 months he said in a TV interview Saturday. “And I suspect it will be even worse.”

“it’s not a very good time right now to buy stocks.” “I believe that the market is slowly waking up to the fact that the Federal Reserve is a clueless organization. They have no idea what they are doing. And so the confidence level of investors is diminishing.”

“I think there are some groups of stocks that are highly vulnerable because they’re in “cuckoo land” in terms of valuations.” – Marc Faber

There is more in this interview below with Marc that begins at the 2 minute mark & goes to the 9 minute mark. Prior to that there are some comments from floor traders during Friday’s drop, after that the same traders comment on Marc’s prognostications – Editor Money Talks