저자: Ysamo Eisse · 외국인
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that's a gain of some 25 percent but famed investor Marc Faber known as dr. doom expects a stock market crash of epic proportion.
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That's a gain of some 25 percent, but famed investor Marc Faber, known as Dr. Doom, expects a stock market crash of epic proportions. It's not unusual for Marc Faber to predict stock market crashes, which has earned him the reputation of Doctor Doom. Indeed, he is predicting a massive stock market crash with at least a 40 percent contraction. "It's going to end extremely badly, with stocks set to plummet 40 percent or more," warns Dr. Doom himself, Marc Faber, on CNBC on June 24th, 2017.
So, will there be a financial crisis in 2017? According to Marc Faber's economic predictions, the US market seems destined to run out of fuel. The fact is that Faber has every reason to be right, and every reason to be wrong. The problem is that most people are investing and pushing share values higher without a second thought. The market has been gaining as if by accident.
President Donald Trump has promised to cut taxes and invest in America, but so far the only piece of legislation he has been able to push through is a milder version of his original travel ban. Does that benefit you in any way? No, it doesn't. It produces no economic or political benefits whatsoever. If anything, some airlines, hotels, and restaurants in the United States are going to lose potential revenue, given that fewer travelers will visit. Meanwhile, the Federal Reserve appears determined to continue raising rates, and there isn't even a shadow of the tax cut prospects and infrastructure investments the Trump agenda promised.
The only phenomenon that appears to be happening is a peculiar one: the big stocks are pulling all the rest. That is the optimism surrounding the future earnings of companies like Apple (NASDAQ: AAPL), Amazon.com (NASDAQ: AMZN), and Alphabet (NASDAQ: GOOG), which has spread to the rest of the market. It's as if by osmosis, the tech stocks are spreading their good fortune. Marc Faber has a warning about those tech stocks everyone likes. The problem, as Faber is implying, is that even big-name Silicon Valley stocks are flying too close to the sun and are about to get burned. The implication of Faber's stock market crash prediction is that all investors risk losing half the value of their portfolios.
Faber has been right before, and he has been wrong, but you cannot ignore his point. The markets are surging more on the back of popular psychology than on market and economic indicators. It's no surprise that tech stocks are the locomotive of the recent record Dow Jones peaks. Popular culture has raised the image of tech stock CEOs, and everybody uses products such as Facebook (NASDAQ: FB) and Google, owned by Alphabet.
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