Marc Faber: Bear Market is Starting
Marc Faber provided some harsh talk regarding the prospects for equities today on CNBC. “The Treasury market is telling you that the economy is in recession,” said Faber. “So if the bond market is telling you that the economies of the Western world are weakening, but at the same time the stock market is still relatively high, I think the stock market is vulnerable.”
Faber added, “Some analysts think that there’s a chance economic data will surprise on the upside but I think, if anything, it will be on the downside.”
Faber believes that a Chinese slowdown is a huge risk to the world economy as the U. S. is no longer a major user of commodities. He considers gold an attractive asset class.
Read More: CNBC
Related Posts
-
Molson Coors AddedInvestors continue to pile into high-flying technology shares and...
- October 1, 2020
-
Global Gold Miners ETF Allocation IncreasedCash available was added to the SMA Portfolio's holding...
- August 10, 2020
-
-
Is the Retirement Crisis Really a Crisis?PBS Frontline recently presented a documentary called “The Retirement...
- April 25, 2013
-
Alarming Chart of the Stock Markets of 1987 and 2012-2013Several days ago I posted a chart showing the...
- May 22, 2013
-
Bill Ackman Thinks Diversification is for the Lazy
Bill Ackman made a speech at the Active/Passive Investor...
- March 4, 2010
