Marc Faber says there’s no value in stocks:
Faber, editor and publisher of The Gloom, Boom & Doom Report, told CNBC on Friday he believes a “massive speculative bubble” has encroached on everything from stocks and bonds to bitcoin and farmland. He attributed the vast bubble to “symptoms of excess liquidity.”
Faber said the markets, which have reached record highs, could still rise before the bubble bursts, if stimulus programs such as the Federal Reserve’s massive monthly bond purchases and super-low interest rates continue.
“Now can the market go up another 20 percent before it tumbles?” Faber said on “Squawk Box”. “Yeah, it can go up even more, if you print money.”
You’d have to be out of your ever-Yellen mind to keep printing all that money.