"I think it's a colossal bubble in all asset prices, and eventually it
will burst, and maybe it has begun to burst already," Faber said Tuesday
on CNBC's 'Futures Now' as the S&P 500 lost ground for the
second-straight session."Obviously I've been wrong in the sense that I
expected a correction to occur over the last two years, and it hasn't
happened since October 2011, when the S&P was at 1,074. We've gone
up in a straight line, without a larger correction than 11 percent, and I
think we're not going to have a correction, but we're going to have a
bear market," he said.
Contrarian Investor Dr.Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.
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