Faber: Fed irrelevant, bear market underway

A handful of ‘hot’ stocks have so far managed to buoy the S&P 500 within 5% of its May 2015 peak, but at same time emerging markets, corporate bonds and the transport sector are plunging and the majority of stocks have already entered a bear market.

The Fed is set to raise rates at exactly the wrong time contends Marc Faber, the editor of the Gloom, Boom & Doom Report.  Here is a direct video link.

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