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Dr. Doom Marc Faber Thinks The Fed Has Lost Control of the Bond Market

August 11, 2013
Canadian Value

Canadian Value

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

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Canadian Value

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