Tracking Dr. Marc Faber of The Gloom Boom and Doom report , Marc Faber nicknamed Doctor Doom , a world class investor and a regular speaker at various investment seminars, Dr Marc Faber is well known for his "contrarian" investment approach.
All asset prices are in the sky, whether it is Picassos or Warhols or the flat that Steve Cohen is trying to sell. We are in a bubble. We are the bubble. It is only a question of which asset is in a lesser bubble. The U.S. is expensive,
compared to the European market and especially emerging economies. Based
on the level of today's secular adjusted P/E, returns in the next seven
to 10 years will be minor, if not meaningless. The Mexican stock market
went up 343 times between 1984 and '87 because of money-printing. Then
the currency collapsed. The dollar can't collapse, so gold will come to
the forefront. Or Bitcoins.
Contrarian Investor Dr.Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.