Sunday, May 3, 2015
Marc Faber Explains his Asset Protection Strategies
Faber, editor of The Gloom, Boom & Doom Report, believes that stocks in the U.S. and in many places around the globe are in a central bank-fueled bubble. And while he can't put a time on when that perceived bubble will pop, he prognosticates that once it does, the outcome will be horrifying. "For the last two years, I've been thinking that U.S. stocks are due for a correction," Faber said Wednesday on CNBC's "Trading Nation." "But I always say a bubble is a bubble, and if there's no correction, the market will go up, and one day it will go down, big time." "The market is in a position where it's not just going to be a 10 percent correction. Maybe it first goes up a bit further, but when it comes, it will be 30 percent or 40 percent minimum!" Faber asserted.
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