Stocks Have Hit Intermediate Term Top: Marc Faber
Speaking to CNBC’s Melissa Lee yesterday, Marc Faber, publisher of the Gloom Boom and Doom Report said the market had recently formed an intermediate term top.
Regarding an imminent crash, Faber said the market wasn’t as overbought as in 1987 so he didn’t believe the market would fall precipitously.
Faber considered the bond market oversold and would rebound.
Faber defended his record after Lee questioned the accuracy of some of his past predictions.
Last month Faber said investors should look at poorly performing stock markets such as Vietnam, China, Ukraine, and until recently, Japan [link].
Related Posts
-
Mary Ann Bartels Explains The Thesis of the Secular BullMary Ann Bartels, CIO at Bank of America -...
- January 7, 2018
-
Jeff Saut Bullish on Prospects for Stocks in 2018Jeff Saut, chief investment strategist at Raymond James, was...
- December 30, 2017
-
Jeffrey Gundlach: Commodities Are CheapJeffrey Gundlach, DoubleLine Capital LP CEO & co-founder, told...
- December 14, 2017
-
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
-
Gary Shilling’s Favorite Investment: 30 Year Treasuries
Larry Kudlow interviewed Gary Shilling last week. Shilling continues...
- June 23, 2011
