US stocks are nearing a top

"I think you need to be fearful lets say, if you take the view of the next 5 year to 10 years, you take the valuations of the US equities and emerging economies, then I think, I could make the case that over the next 5 to 10 years, that I could make more money buying emerging economies now than in the US. Having said that I think its too early to make a major commitment to the emerging stock markets. In general I think its too early to do it, they can still decline." - Via CNBC

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