Better Enjoy the Market Rally While You Can: Faber

Jan. 30, 2013

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."

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