Saturday, June 4, 2016

Marc Faber : The Market is fully Valued

"I think stocks are still very vulnerable," the Gloom, Boom & Doom Report publisher told CNBC. He said a sagging global economy, sluggish earnings and the U.S. presidential election all endanger the market.

"I think the market is fully valued," he said, explaining that factors such as a deteriorating global economy paired with high costs of living won't translate well for stocks.

Read more: Marc Faber: Stocks Are 'Very Vulnerable' to Many Investor Risks
Important: Can you afford to Retire?

“The average American doesn't have much money left after paying for Obamacare and for rising rents, and rising food prices and so forth and so on. And so the global economy is not doing well, and the earnings will be still under pressure. What is interesting if you look at the bond market, the bond market has been holding up reasonably steady, and since January indicating that the bond market doesn't believe in a very strong economy.  Faber added

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.

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Dr. Marc Faber Tomorrow's Gold

Dr. Marc Faber author of the Gloom, Boom and Doom report is a world class Investor, Doctor Faber 's typically controversial and contrarian views have earned him the label of Dr. Doom. Doctor Doom also trades currencies and commodity futures like Gold Natural Gas and Crude Oil.Even his harshest critics must admit that he's been unerringly correct in his market forecasts over the past three decades . Marc Faber is a Swiss investor.He was born in Zurich, Switzerland. He went to school in Geneva and Zurich and finished high school with the Matura. He studied Economics at the University of Zurich and, at the age of 24, obtained a PhD in Economics magna cum laude. Between 1970 and 1978, Dr Faber worked for White Weld & Company Limited in New York, Zurich and Hong Kong. Since 1973, he has lived in Hong Kong. From 1978 to February 1990, he was the Managing Director of Drexel Burnham Lambert (HK) Ltd. In June 1990, he set up his own business, which acts as an investment advisor and fund manager. Faber is publisher of the Gloom Boom & Doom Report newsletter and is the director of Marc Faber Ltd which acts as an investment advisor and fund manager.