Tuesday, June 27, 2017
Marc Faber : The Nasdaq Rally is not a particularly healthy sign
“We’ve had more than eight years of a bull market. The Nasdaq is being driven by very few stocks,” said Faber on Friday’s “Trading Nation.” That rally “is not a particularly healthy sign from a technical point of view, and valuations are very high,” the investor added.
Faber’s comments come exactly two weeks after the Nasdaq set its latest intraday record high of 6,341.70.
“You know we have a lot of volatility, and when things will start to go down, they’ll go down a lot,” he said.
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