Better Enjoy the Market Rally While You Can: FaberCNBC
Jan. 30, 2013
Tucker: Why Are These Professional War Peddlers Still Around?
Report: Jussie Smollett 'Staged' Attack With Help Of Extra From 'Empire,' Home Raided
Beto O'Rourke: We Should Tear Down The Walls Already In Place
Ann Coulter: 'The Only National Emergency Is That Our President Is An Idiot'
HATE HOAX: Native American Activist Approached Chanting Covington Catholic Teens, Got In Their Face
Investor "euphoria" is taking stocks higher but eventually will be their undoing, market bear Marc Faber told CNBC.
The author of the widely followed Gloom Boom & Doom Reportsaid the current rally, which has seen the Standard & Poor's 500 gain more than 5 percent in 2013 and 12 percent since its November 2012 low, is getting tired and will run out of steam soon.
"We are very overbought, but it is also possible that we have a mild correction in February and then a further increase in stock prices," Faber said on "Closing Bell."