Dr. Marc Faber, the Swiss fund manager and publisher of the ‘Gloom, Boom and Doom Report’ always enjoys shocking the financial pundits with the real truth. Discussing the recent stock market highs he said: “I love it because we are just climbing to a higher diving board…if we go straight up like in ’87, the probability of a crash increases.”
Faber went on to say that due to the record highs “I wouldn’t be surprised to see a 30-40 percent decline from the peak”. Although he hasn’t shorted the market yet, he’s being tempted to now. (5:46)
