Marc Faber reiterates his negative outlook, saying the S&P may drop 20% from here. "The...

|By:, SA News Editor
Marc Faber reiterates his negative outlook, saying the S&P may drop 20% from here. "The economy has stabilized but isn't really expanding... Profits have been boosted by aggressive cost-cutting. The revenue side of corporations is weak." But Legg Mason's Bill Miller refutes Faber's doomsday view, saying that "10 years ago, stocks were expensive. Today they are not."