Better Enjoy the Market Rally While You Can: FaberCNBC
Jan. 30, 2013
Cannon Hinnant, RIP: 5-Year-Old Boy 'Executed Point Blank' by Criminal Thug While Playing Outside
Latrell Allen: Meet The 20-Yr-Old Gangbanger Whose 'Shootout With Police' Triggered Mass Looting In Chicago
Reopening Gay Bathhouses Will Aid 'Economic And Cultural Recovery,' San Francisco Supervisor Says
Narrative Collapse: Media's Lies About George Floyd's Death Backfire After Video Leaked
Antifa End Up Getting Pummeled In A Ditch After Fight Breaks Out At 'Back The Blue' Rally In Colorado
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."