Friday, November 29, 2013

Marc Faber: 'We Are Now In A Gigantic Speculative Bubble'

Mark Matheny
November 29, 2013

Is another Bubble accumulating in the market? Marc Faber certainly thinks so.

Marc Faber, Publisher of the Gloom, Boom & Doom Report, said in an interview on Nov 29, 2013:
"Recently we have to say that we are in a massive financial bubble, in bonds, in equities, we are in a bubble in asset prices that have gone up dramatically. Farm land is up 10 times just over the last 10 years. Bitcoins are up now, and who knows what's next to go up? We are in a gigantic speculative bubble...."

Faber continued saying that he sees no value in stocks any longer.

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