Marc Faber: Bear Market is Starting

By on August 2, 2011

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

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