Saturday, October 12, 2013

The Markets are Overbought

 The US Federal reserve along with other central banks pumping money as fast as they can is in itself a dangerous experiment. There is no such historical precedent. We can only pray and hope it ends well for all of us and not lead to the breakdown of the financial world. Marc Faber thinks the markets are extended and the Fed is showing signs of losing control.

"The markets are overbought and the fed has already lost control of the bond market. The question is when will it lose control of the stock market."

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


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