Dr. Marc Faber, publisher of The Gloom, Boom & Doom Report, has three very bold predictions for the upcoming year.
He's one of the world's most noted market contrarians. Now Dr. Marc Faber, publisher of The Gloom, Boom & Doom Report, has three very bold predictions for the upcoming year.
In an interview with Talking Numbers, Faber offers what he thinks is next for the world in 2014:
1. The market will continue to decline from its November high of 1,813
Faber says: "My sense is that at the present time, the US market is relatively expensive compared to foreign markets, especially to European markets and to emerging markets. On a cyclically-adjusted P/E [price-to-earnings] basis, it is actually going to return very little over the next seven to 10 years.
2. Best shorts for 2014: Facebook, Tesla, Twitter, Netflix, and Veeva Systems
Faber says: "If you look at the entire market, some stocks are not terriblyRead More »from Dr. Marc Faber’s three bold predictions for 2014