Deflationary pressures in the markets

Today we have commodities breaking down including Gold. At the same time we have bonds rallying very strongly. If you stand aside and look at these two events, you will see they are deflationary pressures in the system. If that was the case[deflation], I wouldn't buy stocks, or sovereign bonds. The stock markets would be hit by disappointing profits if there was a deflationary environment.

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