MARC FABER: Markets Are Overbought And A Correction Is Coming

Mamta Badkar
Business Insider
Mar. 05, 2012

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Marc Faber, the publisher of the Gloom, Boom & Doom Report, is typically optimistic on equities as an asset class.

However, Faber told CNBC that he expects a correction in global stocks in the near term:

“Markets are overbought, technically they have deteriorated, and we have very heavy insider selling, so I think a correction is coming. ...I don’t think (investors) should be shooting for huge gains, but rather for preservation in capital.”