Since the end of December 2014, US equities have traded side-ward with a few selected stocks moving up strongly while others were weak. A very mixed performance indeed. The S&P 500 is up by less than 1% for the year, the NASDAQ by 7%, but the Dow Utilities Average and the Dow Transportation Average are down by 11% and 10% respectively.
In general, I believe that the risks associated with over-extended asset prices (stocks in particular) far outweigh the potential upside potential for the next few months.
Contrarian Investor Dr.Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.
