Marc Faber said at a CFA Institute financial analysts seminar in Chicago Thursday “I believe stocks are fully priced here,” he added, and “I’m of the view of Jeremy Grantham — that when you have low valuations, future returns are relatively high; when you have high valuations, future returns are relatively low.”
“Growth doesn’t come from eating and consuming — it comes from capital investment.”, “geopolitical tensions in southern Asia between China, U.S., Vietnam, Philippines, etc. will have an effect on asset prices,” he said.
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