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it's incredibly inflated and artificially manipulated Marc Faber legendary investor dr. Marc Faber called the precise bottom of the current bull market in March 2009 what does he say today about the record high stock markets dr. Faber contends the advance / decline is not quite as strong as before the list of new highs is not as strong as before and we are overbought we are not as overbought as in 1987 but we are more overvalued than in 1987 in 1987 we did not have the unfunded pension fund liabilities debt-to-gdp in 1987 was still relatively low it did go up under President Reagan but now it is in the sky in particular and I have to point this out we have incredibly inflated and artificially manipulated European and Japanese sovereign bond markets I don t think the market will be supported much longer from a decline in interest rates they can be supported by money printing that we have to see dr faber goes on to say it s difficult to tell if the market will peek out tomorrow but it seems to me the cash positions are very low and the level of optimism is very high another big difference between the market today and that of the 1987 crash is unfunded pensions dr.
Faber who holds a PhD in economics says the unfunded liabilities have gone up they did not go down so if in rising asset markets the pension funds unfunded liabilities go up can you imagine what will happen when markets fall so they will have to print money bear markets do not occur just because of one event it asks a series of circumstances that lead to a loss of confidence with people exiting markets and then with people exiting markets in a panic fed head Janet Yellen said if conditions would warrant for their measures the Fed would take for their measures so she Yellen said if the Fed thought the economy was weakening or their beloved asset markets go down then she may again ease and introduce key for money printing out of thinner in today s situation the asset market is less overbought but the asset doubles are everywhere each double has fraud cases and I mean massive fraud that asked the characteristic of each devil there is fraud dr faber will also talk about recent accusations that he is racist because of some politically incorrect comments he made on his popular gloom boom and doom report dr.
Faber says he has no history of racism and he adamantly denies this charge dr. Faber says in my view I am about as kids I don t think the market will be supported much longer from a decline in interest rates they can be supported by money printing that we have to see dr faber goes on to say it s difficult to tell if the market will peek out tomorrow but it seems to me the cash positions are very low and the level of optimism is very high another big difference between the market today and that of the 1987 crash is unfunded pensions dr.
Faber said if conditions would warrant for their measures the Fed would take for their measures so she Yellen said if the Fed thought the economy was weakening or their beloved asset markets go down then she may again ease and introduce key for money printing out of thinner in today s situation the asset market is less overbought but the asset doubles are everywhere each double has fraud cases and I mean massive fraud that s the characteristic of each devil there is incredibly inflated and artificially manipulated Marc Faber legendary investor dr.
Marc Weber called the precise bottom of the current bull market in March 2009 what does he say today about the record high stock markets dr. Faber contends the advanced / decline is not quite as strong as before the list of new highs is not as strong as before and we holds a PhD in economics says the unfunded liabilities have gone up they did not go down so if in rising asset markets the pension funds unfunded liabilities go up can you imagine what will happen when markets fall so they will have to print money bear markets do not occur just because of one event it asks a series of circumstances that lead to a loss of confidence with people exiting markets and then with people exiting markets in a panic Fed head Janet Yellen dr overbought we are not as overbought as in 1987 but we are more overvalued than in 1987 in 1987 we did not have the unfunded pension fund liabilities debt to GDP in 1987 was still relatively low it did go up under President Reagan now it is in the sky in particular and I have to point this out we have incredibly inflated and artificially manipulated European and Japanese sovereign bond mark
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