'The Bear Market Is Starting': Marc FaberBy: Catherine BoyleCNBC Aug. 03, 2011 |
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The bear market is on its way back, economist and contrarian investor Marc Faber, the editor and publisher of The Gloom Boom & Doom Report told CNBC Tuesday. "The bear market is starting. When you compare equities to bonds and cash I don't think equities are very positive," Faber said in an interview. [...] "The Treasury market is telling you that the economy is in recession," said Faber. "So if the bond market is telling you that the economies of the Western world are weakening, but at the same time the stock market is still relatively high, I think the stock market is vulnerable." Read More |