Saturday, December 31, 2016
Marc Faber : The U.S. Market getting toppish & may Collapse by March 2017
"If you want to be in equities, the U.S. market is now at the most expensive level compared to Europe, Japan and emerging economies it's ever been," he said. Despite Thursday's gains, "there were more new 12-month lows than new highs." He wasn't optimistic on how much further the market can run. "In March 2017, the U.S. bull market will be eight years old. By any standard, this is a very aging bull market. By June 2017, the economic recovery will be eight years old. By any standard, a recovery that is very mature," he noted.
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