Monday, December 30, 2013

The Stock Market ~ It's like in year 2000, not every stock was overpriced

 Asked by Brian Sullivan, the host of Talking Numbers, about his "broad view" on the markets, Faber said that the US stock market is overpriced and that current valuations are too optimistic. However, he pointed out that that despite his generally negative view on the future of US stocks, there are individual stocks that can perform well in 2014: "If you look at the entire market, some stocks are not terribly expensive and some stocks are very expensive. It's like in year 2000, not every stock was overpriced. At that time, the NASDAQ was grossly overvalued but, say, resource shares and so-called 'old economy' companies were relatively inexpensive or absolutely cheap.    in voiceofrussia.com

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

1 comment:

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