Marc Faber says that The Nasdaq was in a bubble at the end of 1999. It still managed to rise 30 percent to the March 2000 peak. It seems that Marc points out that the final highs or lows in long-term bubbles are always very intensive. Thereafter, it was all the way down. Possibly Treasuries will rally more, but after a bull market, which began in September 1981, we are surely approaching a major low in interest rates. I am sure that over the next 10 years investors buying today U.S. 10-year T-notes and 30-year bonds will lose a ton of money. That is because even if bonds continue to go up very strong, the crash later will be so big that the last year investors will lose money probably in weeks or even overnight.
Marc Faber is a great contrarian investor and publisher of the Gloom Boom & Doom Report. He is well known for his accurace predictions of stock market crashes and other correct calls on different investment assets.
