European banks are the bigger risk to the risk-on rally

 ET Now: So what is the bigger risk to the risk-on rally? Will it be China or credit bubble in Japan or a real estate bubble in Asian markets?

Marc Faber: The risk for me globally is really European banks and financial institutions and a market that is already quite high. We are not at the 2009 lows. Many markets have gone up 100 per cent. Thailand is up almost 4 times from the 2009 lows. So we have very extended markets. Many countries in Asia have an asset bubble in real estate and we have the Chinese economy which, I believe, is growing at present at a much slower rate than what the official statistics would suggest. - in a recent interview with ET Now


 Contrarian Investor Dr.Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.

Emerging Markets atre Different

Emerging markets have to be looked at in a segregated way. Some of them have performed very well this year, and the markets like the Philippines, Indonesia, Thailand and also India performed well last year. Others have performed miserably like China and Vietnam. So we have to look at each emerging market separately. I do not think that Cyprus has a large impact on emerging markets, but we have to see that the markets in general are overbought and any news, no matter how irrelevant it is, will have an impact and they lead to a correction or even a sharp decline.

Contrarian Investor Dr.Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.

Marc Faber Video: Warns of Gold Confiscation

Marc Faber is a great contrarian investor and publisher of the Gloom Boom & Doom Report. He is well known for his accurace predictions of stock market crashes and other correct calls on different investment assets.

Contrarian Investor Dr.Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.

China to deflate credit bubble

Whether China can ensure continuous growth will depend on reforms and how to deflate the colossal credit bubble we have in China. This is going to be a huge problem because we have so much underground credit, questionable loans outstanding and questionable investments.

Contrarian Investor Dr.Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.

Emerging markets good and bad

Emerging markets have to be looked at in a segregated way. Some of them have performed very well this year, and the markets like the Philippines, Indonesia, Thailand and also India performed well last year. Others have performed miserably like China and Vietnam. So we have to look at each emerging market separately. I do not think that Cyprus has a large impact on emerging markets, but we have to see that the markets in general are overbought and any news, no matter how irrelevant it is, will have an impact and they lead to a correction or even a sharp decline.

Contrarian Investor Dr.Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.

China export numbers overperformed market expectations

China's recent strong export numbers, which blew past market expectations. China's export data for February showed a 21.8 percent year on year spike, in contrast to analyst expectations of 10.1 percent. However, the reliability of this data has been questioned due to its inconsistency with neighboring countries' data including South Korea and Taiwan, among other things. Faber said he expected China's economic growth to be much lower in reality, and even hinted towards a recession in some sectors of the economy.

Contrarian Investor Dr.Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.

China could have recession in certain sectors

I think the Chinese economy has slowed down a lot...but they will not miss their 7.5 percent target, they will announce it, but the reality will be much lower. If you look at the statistics that are more reliable like Korean, Japanese or Taiwanese exports... then export figures from China don't add up entirely," he said. The economy in China will slow down and we may even have in certain sectors a recession... The question is about the future. I think China will still grow but there will be bumps along the road and political issues," he added

Contrarian Investor Dr.Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.

Emerging markets depends on China

Marc Faber interview with Economic Times of India ET Now: Experts do expect the US to clock 4% GDP growth this year and it is trading near record highs. Do you see this factor limit a lot of fund flows to emerging markets? Marc Faber: For emerging markets, the crucial issue is only China. If the Chinese economy blows down meaningfully or even goes into recession, which is a possibility, then obviously all resource producers of the world will be badly affected. If the economy slows down, obviously the demand would decline and commodity prices would come down and bring about a more hostile environment for the resource producers. I do not pay so much attention to the US or the European economies with respect to emerging markets. The key is really China.

Contrarian Investor Dr.Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.

Marc Faber ~ Endless Government Manipulation

Marc Faber discusses how gold is near a tradable low. Also he discusses how stocks are being manipulated higher and will continue to go higher for the near term but are no bargain.
Contrarian Investor Dr.Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.

China export numbers overperformed market expectations

China's recent strong export numbers, which blew past market expectations. China's export data for February showed a 21.8 percent year on year spike, in contrast to analyst expectations of 10.1 percent. However, the reliability of this data has been questioned due to its inconsistency with neighboring countries' data including South Korea and Taiwan, among other things. Faber said he expected China's economic growth to be much lower in reality, and even hinted towards a recession in some sectors of the economy.

Contrarian Investor Dr.Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.

China could have recession in certain sectors

I think the Chinese economy has slowed down a lot...but they will not miss their 7.5 percent target, they will announce it, but the reality will be much lower. If you look at the statistics that are more reliable like Korean, Japanese or Taiwanese exports... then export figures from China don't add up entirely," he said. The economy in China will slow down and we may even have in certain sectors a recession... The question is about the future. I think China will still grow but there will be bumps along the road and political issues," he added

Contrarian Investor Dr.Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.

Marc Faber worried but not short stocks

The equities I own, I bought in 2008 and 2009 in Asia. The Philippines, Indonesia, Thailand, where I have most of my holdings, are up four or five times since then. I'm not short stocks. But I'm very worried about it.

Contrarian Investor Dr.Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.

China economic growth lower than reported

Faber said China’s economic growth is probably much slower than official numbers suggested of 7.5 percent.

Contrarian Investor Dr.Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.

China to deflate credit bubble

Whether China can ensure continuous growth will depend on reforms and how to deflate the colossal credit bubble we have in China. This is going to be a huge problem because we have so much underground credit, questionable loans outstanding and questionable investments.

Contrarian Investor Dr.Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.

Marc Faber – For The First Time In 4 Years, I Love This Market

“For the first time in four years, since the lows in March 2009, I love this market because the higher it goes the more likely we will have a nice crash, a big time crash.” - Marc Faber Contrarian Investor Dr.Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.

Contrarian Investor Dr.Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.

Marc Faber – Investors Are Being Chased Out Of The Gold Market

“The gold market can be extremely volatile, a normal symptom of a fiat-backed financial system inducing the public into schizophrenia” “Clinging to the familiarity of a 67-year-long financial system, moving to periods of fearing total loss at the currency graveyard — will chase investors out.” - Marc Faber

Contrarian Investor Dr.Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.

Marc Faber – Don’t Worry About China’s Use Of Industrial Commodities

“I think oil consumption in the world will continue to go up.” “But for some industrial commodities like iron ore and copper, China has probably reached a level where demand may not contract, but won’t go up dramatically” - Marc Faber in the Australian

Contrarian Investor Dr.Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.

Marc Faber – The Sell Off Will Happen

“The stock market’s run will result in either a 20 percent correction or a more nasty sell off at some point this year.” “We’re up very substantially, I think investors who today rush into stocks should be reminded of that.” “There are two possible scenarios. Either a 20 percent correction for stocks and then a move higher, or a scenario that is similar to 1987 or 2000 when stocks rise strongly early in the year only to drop sharply.” - Marc Faber

Contrarian Investor Dr.Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.

Marc Faber – A Sell Off Will Happen

“The stock market’s run will result in either a 20 percent correction or a more nasty sell off at some point this year.” “We’re up very substantially, I think investors who today rush into stocks should be reminded of that.” “There are two possible scenarios. Either a 20 percent correction for stocks and then a move higher, or a scenario that is similar to 1987 or 2000 when stocks rise strongly early in the year only to drop sharply.” - Marc Faber

Contrarian Investor Dr.Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.

China export numbers over-performed market expectations

China's recent strong export numbers, which blew past market expectations. China's export data for February showed a 21.8 percent year on year spike, in contrast to analyst expectations of 10.1 percent. However, the reliability of this data has been questioned due to its inconsistency with neighboring countries' data including South Korea and Taiwan, among other things. Faber said he expected China's economic growth to be much lower in reality, and even hinted towards a recession in some sectors of the economy.

Contrarian Investor Dr.Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.

Faber worried but not short stocks

The equities I own, I bought in 2008 and 2009 in Asia. The Philippines, Indonesia, Thailand, where I have most of my holdings, are up four or five times since then. I'm not short stocks. But I'm very worried about it.

Contrarian Investor Dr.Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.

China economic growth lower than reported

Faber said China’s economic growth is probably much slower than official numbers suggested of 7.5 percent.

Contrarian Investor Dr.Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.

China to deflate credit bubble

China to deflate credit bubble Whether China can ensure continuous growth will depend on reforms and how to deflate the colossal credit bubble we have in China. This is going to be a huge problem because we have so much underground credit, questionable loans outstanding and questionable investments.

Contrarian Investor Dr.Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.

Endless Government Manipulation

Marc Faber discusses how gold is near a tradable low. Also he discusses how stocks are being manipulated higher and will continue to go higher for the near term but are no bargain.

Contrarian Investor Dr.Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.

Marc Faber – Don’t Worry About China’s Use Of Industrial Commodities

“I think oil consumption in the world will continue to go up.” “But for some industrial commodities like iron ore and copper, China has probably reached a level where demand may not contract, but won’t go up dramatically” - Marc Faber in the Australian

Contrarian Investor Dr.Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.

Marc Faber – When The Sell Off Will Happen

“The stock market’s run will result in either a 20 percent correction or a more nasty sell off at some point this year.” “We’re up very substantially, I think investors who today rush into stocks should be reminded of that.” “There are two possible scenarios. Either a 20 percent correction for stocks and then a move higher, or a scenario that is similar to 1987 or 2000 when stocks rise strongly early in the year only to drop sharply.” - Marc Faber

Contrarian Investor Dr.Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.

Buy something that is depressed

Faber has been calling for gold to outperform stocks, but acknowledges that the yellow metal has been in a correction. "I'd rather buy something that is relatively depressed than something that is relatively high," he said. But while Faber expects a correction for equities, he still owns some stocks. "The equities I own, I bought in 2008 and 2009 in Asia," he said. "The Philippines, Indonesia, Thailand, where I have most of my holdings, are up four or five times since then." Faber added, "I'm not short stocks. But I'm very worried about it."

Contrarian Investor Dr.Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.

Marc Faber worried but not short stocks

The equities I own, I bought in 2008 and 2009 in Asia. The Philippines, Indonesia, Thailand, where I have most of my holdings, are up four or five times since then. I'm not short stocks. But I'm very worried about it.

Contrarian Investor Dr.Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.

Marc Faber ~ Market Will End Badly This Year

Typical main stream media propaganda. Marc Faber is the real deal and you should heed his advice. The stock market is manipulated just as the price of Gold and Silver. There is no economic recovery, period. Buy Gold and Silver and sit back and wait for the crash and you will be better off than 99% of the sheeple watching Jersey Shore and drinking beer.

Marc Faber appears on CNBC where is discusses the recent surge in stock prices as they hit all time new highs. Marc Faber believes the "market will end badly this year".

Contrarian Investor Dr.Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.

Nasty sell off waiting

The stock market's run will result in either a 20 percent correction or a more nasty sell off at some point this year, Marc Faber, publisher of the Gloom Boom and Doom report, told CNBC's "Closing Bell" on Thursday. Faber pointed out that it's been almost exactly four years since the stock market bottomed out. "We're up very substantially, I think investors who today rush into stocks should be reminded of that," he said. He sees two possible scenarios. Either a 20 percent correction for stocks and then a move higher, or a scenario that is similar to 1987 or 2000 when stocks rise strongly early in the year only to drop sharply.

Contrarian Investor Dr.Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.

Always Buy something that is depressed

Faber has been calling for gold to outperform stocks, but acknowledges that the yellow metal has been in a correction. "I'd rather buy something that is relatively depressed than something that is relatively high," he said. But while Faber expects a correction for equities, he still owns some stocks. "The equities I own, I bought in 2008 and 2009 in Asia," he said. "The Philippines, Indonesia, Thailand, where I have most of my holdings, are up four or five times since then." Faber added, "I'm not short stocks. But I'm very worried about it."

Contrarian Investor Dr.Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.

Mac Faber worried but not short stocks

The equities I own, I bought in 2008 and 2009 in Asia. The Philippines, Indonesia, Thailand, where I have most of my holdings, are up four or five times since then. I'm not short stocks. But I'm very worried about it.

Contrarian Investor Dr.Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.

Marc Faber – Now I am Worried About A DEFLATIONARY Collapse

“I worry about the time when the current asset inflation will give way to a serious asset deflation, which will inevitably happen sometime in the future.” “As an observer of markets I am, therefore, concerned that the decline in gold prices could be telling us that we are about to enter a period of asset deflation” - Marc Faber excerpt from The March 2013 Monthly Market Commentary (MMC) was published on the MMC subscribers only section and emailed on 1-Mar-2013.

Contrarian Investor Dr.Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.

Marc Faber Warns: ‘Market Has Peaked Out’

If the stock market continues to climb into July or August, a crash is possible, says Marc Faber, publisher of the Gloom, Boom & Doom Report. The stock market has "peaked out" and bonds may be on their way to a rebound, Marc Faber, publisher of the Gloom, Boom & Doom Report, said Thursday on CNBC. "I think we have made an intermediate top, and it could be a longer-term top," he said on "Fast Money." "I don't think the market is as overbought as it was in '87, so I don't expect a crash. But I think for the time being, the market has peaked out, and I think in the meantime, bonds, which are extremely oversold, could rebound," he said. The S&P 500 closed at 1,502.52 Thursday. A level of 1,530 could prove to be a longer-term high, Faber said. "What I maintained in earlier interviews is that either we have a correction now, and then we go up further or we go straight up high in July-August, from where we could crash, so I welcome a correction here," he said. "The question will be, after this correction, we have to watch the market's rebound, whether it can make a new high or not." Faber's holdings are 25 percent gold, 25 percent equities, 25 percent corporate bonds and cash, and 25 percent in real estate. Why should investors believe his bearish prognostications? "There was a correction between March, April 2012 and actually June 2012, so we had a correction, and then from September onward, when the S&P reached 1,474, we also had a correction into November, at which stage I said that the market would now rally. So I don't think I've been so totally wrong about the moves of the market, especially since 2009, and I can document those with the performance of my portfolio. "But I think that the market has now become quite overbought and that is very significant or overextended, bullish sentiment. Everybody says, 'Sell bonds, buy equities.' And when everybody thinks alike, one has to be careful."

Contrarian Investor Dr.Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.

China Commodities and Gold

CHINA'S demand for commodities is set to level out in the coming years, famed contrarian Marc Faber has warned, while China's ongoing reliance on commodities imports is likely to add to geopolitical tensions throughout Asia, the Middle East and Africa. Dr Faber, the author of the Gloom, Boom and Doom report and a regular speaker on the conference circuit, told the Mining Indaba forum in Cape Town that credit growth in China was beginning to grow at a much faster rate than growth in gross domestic product, with potentially negative implications for commodities demand. "I think oil consumption in the world will continue to go up, but for some industrial commodities like iron ore and copper, China has probably reached a level where demand may not contract, but won't go up dramatically," Dr Faber said. Sporting his trademark ponytail and a bright pink tie, Dr Faber noted that while credit in China had grown at about the same rate as GDP between 2000 and 2007, since 2008 credit had grown at a much faster rate. Much of that credit growth had been "misallocated" into an overinflated Chinese housing market, potentially sowing the seeds for a future economic crisis in the country. "I think they (Beijing) can again postpone a crisis, but this is probably the last time they can do it. After that, economic growth will come under a lot of pressure," he said. "I would assume that the Chinese economy will grow at a much, much slower pace in the next 10 years . . . and this will have an impact on the demand for raw materials." Dr Faber also said he was concerned about the geopolitical implications of China's reliance on oil imports through the Straits of Malacca and the strategic vulnerabilities that come with that. "What would you do if you were a military strategist in China and you knew all the oil (being imported into China) comes through the Straits of Malacca?" He warned of rising tensions throughout Southeast Asia, the Middle East and Africa as China looked to shore up its commodities supplies and delivery routes. "I think there will be on this continent a lot of struggle over resources. We have to live with a lot of volatility," he said. Dr Faber repeated his long-held belief that money-printing by governments around the world made gold a must-have investment. "I would have 25 per cent (of my investment portfolio) in equities, 25 per cent in bonds, 25 per cent real estate, 25 per cent gold and 25 per cent cash," he said. "I know it doesn't add up, but I have now the accounting standards of US Treasury." He said investing in gold and other precious metals was vital. "I would strongly advise you, for your children and so forth, don't keep your money in cash. "I'm not saying rush out the door and buy gold, I'm just saying that over time it's likely that, as has happened throughout history, paper money has always lost value." source: http://www.theaustralian.com.au/business/economics/faber-tips-tension-from-chinas-demand/story-e6frg926-1226572129326

Contrarian Investor Dr.Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.

March 2013 Gloom Boom Doom- Asset deflation worries

The March 2013 Monthly Market Commentary (MMC) was published on the MMC subscribers only section and emailed on 1-Mar-2013. "I do not believe in a deflationary Collapse but I am afraid of it" I worry about the time when the current asset inflation will give way to a serious asset deflation, which will inevitably happen sometime in the future. As an observer of markets I am, therefore, concerned that the decline in gold prices could be telling us that we are about to enter a period of asset deflation. I should like to make two points very clear. I am not sure when the asset deflation will start. Most likely, different asset classes will deflate at different times and with different intensity. The second point I wanted to make is the following. In a deflationary environment (whenever it will happen), financial assets (stocks, government and corporate bonds especially high yield bonds) would likely be the most vulnerable assets. In fact, in a deflationary collapse, I would envision money to flow into a sound currency and move out of “funny” paper monies. Therefore, I continue recommending the gradual accumulation of physical gold. Similarly, most societies die because of their ill-conceived fiscal and monetary policies, and not because of their economic problems.

Contrarian Investor Dr.Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.

Nasty sell off waiting

The stock market's run will result in either a 20 percent correction or a more nasty sell off at some point this year, Marc Faber, publisher of the Gloom Boom and Doom report, told CNBC's "Closing Bell" on Thursday. Faber pointed out that it's been almost exactly four years since the stock market bottomed out. "We're up very substantially, I think investors who today rush into stocks should be reminded of that," he said. He sees two possible scenarios. Either a 20 percent correction for stocks and then a move higher, or a scenario that is similar to 1987 or 2000 when stocks rise strongly early in the year only to drop sharply.

Contrarian Investor Dr.Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.

Gold can be volatile & shake weak hands

The gold market can be extremely volatile, a normal symptom of a fiat-backed financial system inducing the public into schizophrenia—of clinging to the familiarity of a 67-year-long financial system, moving to periods of fearing total loss at the currency graveyard—will chase investors out. Related Symbols: GLD, SLV

Contrarian Investor Dr.Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.

Gold can have strong corrections

A 30 percent correction or 40 percent correction cannot be ruled out, but as I maintain, again and again, I’m not going to go and sell my gold,” Faber said forcefully, as he explained that owning gold is should be viewed as the ultimate insurance policy to cover financial calamity.

Contrarian Investor Dr.Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.

Gold and Inflation

I don’t hear about gold. I lived through the last gold bubble between 1978 and January 1980. The whole world, whether you were in the Middle East or in Asia or Europe or in America was trading London gold, buying and selling every day,” he recalls. “This has not happened yet, and it hasn’t happened. Your friends, the deflationists, have been telling people that gold will collapse to $200 an ounce for the last 10 years and that’s it was in a bubble. [They] said it [gold] was in a bubble at $500; they said it at $600, and they’re still maintaining it. So a lot of people they don’t own it; they bought it and sold it again. But in the meantime, gold has moved into sold hands.

Contrarian Investor Dr.Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.

Marc Faber not selling his gold

In my case, I’m not going to sell my gold unless I have to. In other words, everything else is bankrupt, bond market, stock market, cash and real estate.

Contrarian Investor Dr.Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.

China became big so quickly

When you have an economy like China that becomes so big so quickly, you can have a more meaningful setback. If the U.S. economy grows at 3% or contracts that 3%, it has no impact on the price of copper to speak of….In the case of China, whether the economy grows at 10% or 5% has a huge impact on the demand for iron ore and copper and aluminum, steel and coal. The Chinese economy today has a much larger impact on the rest of the world than is generally perceived economically speaking.

Contrarian Investor Dr.Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.

Stocks will end up bad this year

Echoing recent comments made on CNBC by Stanley Druckenmiller, founder of hedge fund Duquesne Capital, Faber said "Druckenmiller is a very thoughtful person, and I share his views that it will end badly for stocks. But unlike Stan, I believe it will end badly this year."
Contrarian Investor Dr.Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.

Marc Faber Warns: ‘Market Has Peaked Out’

If the stock market continues to climb into July or August, a crash is possible, says Marc Faber, publisher of the Gloom, Boom & Doom Report. The stock market has "peaked out" and bonds may be on their way to a rebound, Marc Faber, publisher of the Gloom, Boom & Doom Report, said Thursday on CNBC. "I think we have made an intermediate top, and it could be a longer-term top," he said on "Fast Money." "I don't think the market is as overbought as it was in '87, so I don't expect a crash. But I think for the time being, the market has peaked out, and I think in the meantime, bonds, which are extremely oversold, could rebound," he said. The S&P 500 closed at 1,502.52 Thursday. A level of 1,530 could prove to be a longer-term high, Faber said. "What I maintained in earlier interviews is that either we have a correction now, and then we go up further or we go straight up high in July-August, from where we could crash, so I welcome a correction here," he said. "The question will be, after this correction, we have to watch the market's rebound, whether it can make a new high or not." Faber's holdings are 25 percent gold, 25 percent equities, 25 percent corporate bonds and cash, and 25 percent in real estate. Why should investors believe his bearish prognostications? "There was a correction between March, April 2012 and actually June 2012, so we had a correction, and then from September onward, when the S&P reached 1,474, we also had a correction into November, at which stage I said that the market would now rally. So I don't think I've been so totally wrong about the moves of the market, especially since 2009, and I can document those with the performance of my portfolio. "But I think that the market has now become quite overbought and that is very significant or overextended, bullish sentiment. Everybody says, 'Sell bonds, buy equities.' And when everybody thinks alike, one has to be careful."
Contrarian Investor Dr.Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.

Marc Faber Answers Question – “How Will The Money Printing Experiment End?”

“Well, that is a very good question. I wish I knew the answer precisely. I suppose what will happen at some point is that both the fiscal deficit question will have to be addressed, and that less money will have to be printed, which will then have a negative impact on asset markets…”

“Now will it just trigger a correction or a more serious bear market in asset prices? Who knows? Once this happens, since most of the economic activity was supported by the rise in asset markets, I suppose they will print more money, and again have larger deficits.”

“So we don’t know exactly when the end will come. It could be 1 year from now, 3, 5, 10 years from now, but obviously one day it will come to an end. The longer it’s not seriously addressed, and the way I look at Congress they are not going to undertake serious decisions any time soon, the longer it’s not addressed the more structural damage will be done to the economy, and to society.”

- Marc Faber, via a recent King World News interview

Source: http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2013/2/22_This_Is_How_The_Great_Money_Printing_Experiment_Will_End.html

Contrarian Investor Dr.Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.

March 2013 Gloom Boom Doom- Asset deflation worries

The March 2013 Monthly Market Commentary (MMC) was published on the MMC subscribers only section and emailed on 1-Mar-2013. "I do not believe in a deflationary Collapse but I am afraid of it" I worry about the time when the current asset inflation will give way to a serious asset deflation, which will inevitably happen sometime in the future. As an observer of markets I am, therefore, concerned that the decline in gold prices could be telling us that we are about to enter a period of asset deflation. I should like to make two points very clear. I am not sure when the asset deflation will start. Most likely, different asset classes will deflate at different times and with different intensity. The second point I wanted to make is the following. In a deflationary environment (whenever it will happen), financial assets (stocks, government and corporate bonds especially high yield bonds) would likely be the most vulnerable assets. In fact, in a deflationary collapse, I would envision money to flow into a sound currency and move out of “funny” paper monies. Therefore, I continue recommending the gradual accumulation of physical gold. Similarly, most societies die because of their ill-conceived fiscal and monetary policies, and not because of their economic problems.

Contrarian Investor Dr.Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.

Marc Faber's 2013 Outlook - A Correction Could Start Any Day

Marc Faber appears on CNBC's closing bell. Marc gives his outlook for 2013. He says that a correction could start anyday! He notes that the first half of the year could be very positive and then a sharp correction could occur in the second half.

Contrarian Investor Dr.Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.