Sunday, September 28, 2014
Marc Faber Warning : The Technical picture of the Market is not very good
"Credit expansion and money printing hasn't filtered much to ordinary people. It's boosted asset markets, real estate and stocks," "So well-to-do-people have done very well. High-end restaurants are packed. Now, some money flows to people who are serving there, because well-to-do people give generous tips, but ordinary people have a much higher cost of living increase than 2 percent.""We've had a bull run since October 2011 without more than an 11 percent correction," he notes. "And now we're probably not going to get a correction, but more likely, a bear market that will be 20 to 30 percent at some point.""so the technical picture of the market is not very good." "the U.S. is the most pricey market compared to other markets in the world,"
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.
Posted by Nicole Bourbaki