|
MARC FABER: Markets Are Overbought And A Correction Is ComingMamta BadkarBusiness Insider Mar. 05, 2012 |
Popular 
IDF Soldier Takes Sledgehammer to Jesus Statue During Operations in Lebanon
Mark Levin and Jonathan Pollard Push for Nuking Iran
Trump Threatens Iran With Genocide If They Won't Meet His Demands: 'A Whole Civilization Will Die Tonight'
Trump Says U.S. Sent 'A Lot of Guns' to Iranian 'Protesters'
Trump Appears to Surrender Strait of Hormuz to Iran, Tells Allies to 'Go Get Your Own Oil'
|
 Marc Faber, the publisher of the Gloom, Boom & Doom Report, is typically optimistic on equities as an asset class. However, Faber told CNBC that he expects a correction in global stocks in the near term: “Markets are overbought, technically they have deteriorated, and we have very heavy insider selling, so I think a correction is coming. ...I don’t think (investors) should be shooting for huge gains, but rather for preservation in capital.” Read More |
