Marc Faber, editor of the Gloom, Boom & Doom Report, sees “colossal bubble in all asset prices…the bubble may already be bursting.” Here is a direct video link.
Just to clarify, the host gets this wrong…a “correction” is a defined as a decline of 10%+. A bear market is defined as a decline of 20%+. But during secular bear periods such as we have been in since 2000, where stock valuations have reached jubilant highs such as today, a decline greater than 45% is more historically typical each down cycle.
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