TGR: How far can momentum take the dividend stocks if their upward movement is not connected to company performance?
Marc Faber : Revenues are hardly growing with sales. Just look at
McDonald's or Wal-Mart. The market is going up because central banks are
printing money. The money that is being printed does not go into the
economic system evenly. It went into NASDAQ between 1997 and 2000, then
it went into the housing market until 2007, in 2008 it went into
commodities and now it goes into the broad U.S. stock market. One does
not know when it will end, but it will end very badly.
Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.