Marc Faber Video

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.

Marc Faber: Enjoy while you stock rise

The euphoria of investors pushing prices up, but soon the mood may change. This analyst Marc Faber warns in an interview with CNBC.

He said the rally that lifted the broader index S & P 500 to its highest level since 2007, lost power and may soon be over.

"The market is very svrahizkupen. However it is possible to follow only a mild correction in February, after which the growth to continue, "said Faber.


His opinion is that this year we can see a movement similar to the movement in 1987. Then from January to August market jumped 41 percent, but in October and November, losing 40 percent. This shows that we will probably have high volatility during the year, says Faber.
Generally known for his gloomy predictions Faber rarely speak positively about the market.

The specialist said that currently exempts from its long positions. "In this situation sell. Restrict positions because euphoria gaining strength, "he explains.

"Corporate profits are likely to disappoint this year. Incidentally, there may be geopolitical problems, "said Faber, adding that recently returned from a trip to the Middle East, which is the" melting pot. "

Faber continues to hold a large percentage of its portfolio in shares of gold mining companies. "Buy gold because afraid of a systemic crisis, there will be wars and so on," he said, adding that he is optimistic for markets like Russia, Vietnam and China.

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.