Marc Faber: US equities to close lower by the end of the year

Marc Faber is predicting US equities would close lower by the end of the year. He also suggests that the euro is very undervalued. Also, stocks have already corrected by 20%, so it would be quite difficult for US equities to make a new high. The Euro will rebound to around $1.40, then head go down again vis-a-vis the US dollar.