Please ignore the fast trading fellow for the first 1:25 who is speaking so fast he must be paid by CNBC by the spoken word.
Faber joins the video at that point and has the following observations:
- Falling interest rates are no longer a tailwind for the stock market
- The Fed has lost control of the bond market (interest rates are starting to rise)
- He feels 2013 could be a repeat of the big crash of 1987
- Faber thinks that the only way the market can continue to higher is if a few mega large caps pull the load
- The majority of stocks have already started going down from their highs
- The one group of stocks that should appeal to people who want to buy low and sell high....that is the gold mining sector
Faber joins the video at that point and has the following observations:
- Falling interest rates are no longer a tailwind for the stock market
- The Fed has lost control of the bond market (interest rates are starting to rise)
- He feels 2013 could be a repeat of the big crash of 1987
- Faber thinks that the only way the market can continue to higher is if a few mega large caps pull the load
- The majority of stocks have already started going down from their highs
- The one group of stocks that should appeal to people who want to buy low and sell high....that is the gold mining sector
