Friday, November 29, 2013

[Video] Faber: We are in a Massive Speculative Bubble

Marc Faber, Marc Faber Limited managing director, and The Gloom, Boom & Doom Report publisher, discusses the market's record run and his plans to short stocks. Faber says we are now in a gigantic speculative bubble.



Faber said the markets, which have reached record highs, could still rise before the bubble bursts, if stimulus programs such as the Federal Reserve's massive monthly bond purchases and super-low interest rates continue. "Now can the market go up another 20 percent before it tumbles?" Faber said on "Squawk Box". "Yeah, it can go up even more, if you print money."
Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.
Marc Faber
Marc Faber

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