He's no fan of Washington, but Marc Faber says investors should be more concerned about weak earnings than D.C. brinkmanship.
Marc Faber: Earnings a bigger worry than Washington , "I think the markets will move according other events rather than what is happening in Washington," "We're coming into earnings season, and the earnings are likely to disappoint,"
And because earnings will be weaker than investors anticipate, "the
market is not cheap anymore, according to different valuation methods,"
Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.