Friday, January 10, 2014

I Don't Think People Should Buy Stocks

Marc Faber

Marc Faber

"I think we will go up until it's over," Faber said. In 2013 "I wrongly predicted a 20 percent correction—it hasn't happened. But I think when it's over, it will be more than 20 percent."

Given that nuanced view, "I'm not yet short, but I would look at essentially any rally here in the U.S. market as an opportunity to lighten up on positions," Faber said. "And I don't think people should buy stocks".

-  Marc Faber in CNBC:

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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