Marc Faber - "SELL EVERYTHING" - A Correction Could Start Any Day
Worth watching Marc dodge Maria's skeptical questions in this CNBC interview. We are not being as analytical as Dr Kinesa's in his post today about the mathematics and logic of everything. In fact, we go along with Faber and Kinesa foreseeing stormy markets ahead as we plow through this "Ice Age " in valuations trapped by rates being too low, for too long - with no easy way out of the trap.
When you listen to Dr Doom and the best bets he can put forward are the Ukraine and Viet Nam; you get a real sense that things are pretty tough. He does like the resource sector, but does not point to any specifics. Technology stocks are also on his watch list - have consumer gadgets and applications peaked?
Who knows as consumers, according to recent studies, certainly do not seem to be as concerned about the environment anymore - that puts a damper on green tech as well.
Oh well, who has a retail pierogi farm or franchise for sale?
First Financial Insights
March 4, 2013