Sunday, October 20, 2013

The Market is not Cheap Anymore ~ The Technical are Concerning

 "We're coming into earnings season, and the earnings are likely to disappoint," "the market is not cheap anymore, according to different valuation methods," "the returns over the next five to 10 years will be very moderate,"
"the technical are concerning," he said.
Faber is concerned about the breadth of the rally. "There are very few stocks that are making new highs," Faber said. "The majority of stocks have been moving sideways to down over the last six months. Some stocks, like IBM, are no higher than they were in 2011."

Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.

1 comment:

  1. People you can now post your comments ( but please be respectful ) thank you


Note: Only a member of this blog may post a comment.


Related Posts Plugin for WordPress, Blogger...