Marc Faber News Blog Investments and Trading Ideas - A Tracking Blog About Dr. Gloom Boom & Doom Marc Faber , Daily Tracking of Dr. Marc Faber Investment Strategy , Market analysis , Outlook & Media appearances
Thursday, January 30, 2014
Faber : I am negative about U.S. stocks
Marc Faber : An analysis of Federal Reserve data suggests that half the U.S. population has seen a 40% decrease in wealth since 2007.
In Reminiscences of a Stock Operator [a fictionalized
account of the trader Jesse Livermore that has become a Wall Street
classic], Livermore said, "It never was my thinking that made the big
money for me. It was always my sitting. Got that? My sitting tight."
Here's another thought from John Hussmann of the Hussmann Funds: "The
problem with bubbles is that they force one to decide whether to look
like an idiot before the peak, or an idiot after the peak. There's no
calling the top, and most of the signals that have been most
historically useful for that purpose have been blaring red since late
2011." I am negative about U.S. stocks, and
the Russell 2000 in particular. Regarding Abby's energy recommendation,
this is one of the few sectors with insider buying. In other sectors,
statistics show that company insiders are selling their shares like
crazy, and companies are buying like crazy. - in 2014 Barron's roundtable
Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.Dr. Doom also trades currencies and commodity futures like Gold and Oil.