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.
Posted by Nicole Bourbaki