Tuesday, February 28, 2017
Marc Faber Warns Investors an ‘Avalanche’ could be coming
If the U.S. stock market begins to move lower, it could trigger an ‘avalanche’ type move, according to The Gloom, Boom & Doom Report’s Marc Faber.
Marc Faber, the editor of "The Gloom, Boom & Doom Report," predicted the rally's disruption won't be caused by any single catalyst. His argument: Stocks are very overbought and sentiment is way too bullish for the so-called Trump rally to continue. "Very simply, the market starts to go down. As it goes down, it will start triggering selling, and then it will be like an avalanche," said Faber recently on "Futures Now." "I would underweight U.S. stocks."
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