Marc Faber has been saying this exact same thing for many years now - this is called a perma bear. The real danger is in the bond market. Money has been exiting the much larger bond market and being put into the stock market. If or when the bond market plunges to new lows it should cause the stock market to soar. It is true that the 87 stock market crash saw a raging bull market collapse very fast. However,for years now a crash is so expected post QE - every large fund is hedged & insured to the max to make it a non-event.
It's the timing part that is such a bitch with this whole "calling a top" enterprise. Wouldn't it be better for him to wait for some decent selling to occur, and then tell the world that he expects the sell-off to be broad and deep ? Well, I guess he couldn't actually hurt his prognostication chops any worse so he'll get it right at some point in time.
Faber, Schiff, Zerohedge, and Rick Santelli. If you listened to them anytime since the 2009 bottom you are broke (and I really like Santelli, but he's been way wrong for years)
Not really - comagnum is right. It would signal a return to the time pre-QE when interest rate tightening signaled price and wage inflation and economic growth. Like.... Normal times.
Marc Faber says "avalanche of selling" coming All these doom characters have preached their pathetic bias in the most powerful bull run in history. Doesn't that tell you some thing ! "They are paid to print their shite" so that traders that have a weak or negative attitude or no trading plan will endorse this view by trading against the trend. "The market wins again " Another dirty trick to take your money, it's all about capitalizing on the human psychology. Think about the true reach of the media. Rule #1 in a prop firm: leave your ego and bias at the door trade what you seee"
This chart says a selloff is looming as fear stalks the stock market rally http://www.marketwatch.com/story/ge...ear-stalks-this-stock-market-rally-2017-03-03