Marc Faber, the purveyor of the Gloom, Boom, and Doom report, talks about the current course of asset prices and how things might end badly someday as the Federal Reserve contemplates raising interest rates and the U.S. dollar continues to strengthen.
As detailed in Dr. Marc Faber’s three bold predictions for 2014, his crystal ball gazing early in the year doesn’t look particularly prescient at the moment:
1. The market will continue to decline from its November high of 1,813
2. Best shorts for 2014: Facebook, Tesla, Twitter, Netflix, and Veeva Systems
3. Best longs for 2014: Gold, gold shares, and Vietnamese stocks
It is, however, worth pointing out that 2014 is a long way from being over.