Faber: U.S. Stocks overbought, could Crash this summer

Posted by Marc Faber via MarcFaberNews.com

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Unknown-1U.S. stocks are overbought, , and any more near-term gains are going to be big trouble for the market. As we continue to move higher, the probability of a crash becomes higher as well. The next crash, he says, could be worse than the one that crushed world markets in 2008. “The next crisis could lead to a deflationary bust. And a bust in governments. In other words, we may have a total collapse in confidence in the system.” – in CNBC

It is not a very good time to Buy Stocks

Marc Faber: “We could on the S&P make a new high,” “but with very few stocks making new highs.” “It’s not a very good time to buy stocks,” Faber warned, arguing that stocks are not at the beginning of a bull market as many analysts have predicted on “Squawk Box” over the past few weeks. “The next crisis could lead to a deflationary bust. And a bust in governments. In other words, we may have a total collapse in confidence in the system.” – in a recent interview on CNBC

WE ARE JUST CLIMBING TO A HIGHER DIVING BOARD

Marc Faber: “I love it because we are just climbing to a higher diving board…if we don’t get the correction in February or March and we go straight up like in ’87, the probability of a crash increases.” – in Bloomberg Surveillance
 

WE ARE CREATING BUBBLES AND BUBBLES AND BUBBLES

 Marc Faber : “We are creating bubbles and bubbles and bubbles. This bubble will come to an end. My concern is that we are going to have a systemic crisis where it is going to be very difficult to hide. Even in gold, it will be difficult to hide.” – in Bloomberg Surveillance
 
 
About Marc Faber:
 
Marc Faber is a Swiss investor. Faber is publisher of the Gloom Boom & Doom Report newsletter and is the director of Marc Faber Ltd which acts as an investment advisor and fund manager. These postings above can be found on his marcfaberchannel.blogspot.ca