An '87-Type Crash Within 12 Months (April 2014)
Marc Faber, April 2014: 'Very Likely' an '87-Type Crash in the Next 12 Months. The Next 12 Months Declined
The Gloom, Boom & Doom Report editor told CNBC the market was setting up for something worse than 1987: 'I think it's very likely that we're seeing, in the next 12 months, an '87-type of crash.'
What was said
“I think it's very likely that we're seeing, in the next 12 months, an '87-type of crash”
— Marc Faber (publisher, The Gloom, Boom & Doom Report; on CNBC's Futures Now) · said Apr 10, 2014 · due Within 12 months of April 10, 2014
The 12 months ran out on April 10, 2015 without an '87-type crash. He had called the same crash in August 2013.
The Story
Said on CNBC's Futures Now on Thursday, April 10, 2014; CNBC's headline promoted it as '2014 crash will be worse than 1987's'. 'Very likely' is the only hedge. CNBC had run 'Marc Faber: Look out! A 1987-style crash is coming' eight months earlier.
The newsletter's title is genuinely The Gloom, Boom & Doom Report.
Receipts
- 2014 crash will be worse than 1987's: Marc Faber - CNBC (April 10, 2014)accessed 2026-10-09
- Marc Faber: Look out! A 1987-style crash is coming - CNBC (Aug 8, 2013)accessed 2026-10-09
As of Oct 9, 2026
since it didn't happen
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