Marc Faber was recently interviewed by CNBC. He sees a 10-15% downside risk for equities.
“I think the market is going to break out of this range. My guess would be on the downside and not on the upside”, Faber said. “I think we are already overboard here. How low will we go? We may have seen the highs for the year. Maybe we make a marginal new high and then we drop again, but I think 2013 will be a difficult year for equities.”