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Marc Faber: Markets have become very oversold near term

In late-August Marc Faber showed some poise explaining that "the markets are oversold". Faber still warned investors to reduce positions on any rebound and has advised selling into strength as he clearly believes downward pressure still exists. 

Marc Faber is the Editor of the ‘Gloom, Boom and Doom Report’ and is asked a few questions comparing today's market with that of the late-90s. 

Faber also makes a prediction on whether or not the Fed will raise rates at the coming FOMC meeting.

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