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.