
What was the trigger of the ‘87 crash when markets fell 21 per cent in one day? What was the trigger of the Nasdaq crash in 2000? What was the trigger of Japanese crash of 1989? What was trigger of 2007 crash that brought global stocks down 50 per cent?
We don’t know these things ahead of time, but something will always move markets up and something will always move them down. I would guess at the present time, given markets from the 2009 lows have in many cases increased by as much as 100 per cent, that they are no longer very cheap. …. Something could come along, geopolitically or otherwise.
I would be very careful being overweight equities. I still have 25 per cent in equities and 25 per cent in corporate bonds.
MASTER OF DOOM MARC FABER IS FEELING GLOOMY ABOUT CANADA
Marc Faber, editor and publisher of The Gloom, Boom and Doom Report, was late to arrive to our Tuesday live discussion at Inside the Market alongside David Rosenberg. But we posed some of the questions you left for him in a later telephone conversation.
Before we did, however, we couldn’t resist asking him about his views on Canada. Not surprisingly, the famed economist known for his contrarian and often pessimistic bent didn’t exactly offer an uplifting view.
“Something will break very bad.” – in TheglobeandmailHERE
In the 40 years I’ve been working as an economist and investor, I have never seen such a disconnect between the asset market and the economic reality
THE FUNDAMENTALS FOR GOLD ARE INTACT
Marc Faber : “I love the fact that gold is breaking down because it will give a good entry point. The fundamentals for gold are intact.”