Friday, May 29, 2015
Faber : I'm not interested to Buy Momentum, I'm interested to Buy Value
Despite his massively bearish call, Faber said he's "not short the market yet," since he doesn't know how high stocks could go in the interim. Still, he makes clear that "I'm not interested to buy momentum, I'm interested to buy value."
"Look at the market since November of last year to now. The market is up 2 percent. It hasn't done much, and a lot of stocks are breaking down. I don't think that the market is in a healthy condition."
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