VIDEO: Mr. Gloom-and-Doom Marc Faber Says 2014 will be Worse Than 1987

Joel Anderson |

Predicting a 30 percent decline in the S&P 500, Marc Faber, a Swiss investor well known as a leading contrarian and market bear, said that it's not a good time to buy stocks. Observing that many stock valuations are in "coocoo land," Faber clearly believes that last year's boom is going to create this year's bust.

Of course, it's always worth taking any prediction of a crash from a man whose newsletter called the Doom Boom & Gloom Report with a grain of salt. That said, there's plenty of others predicting a bear market in 2014 after such a huge bull run in 2013. But, then again, most of them certainly aren't predicting a decline nearly that disastrous.



DISCLOSURE: The views and opinions expressed in this article are those of the authors, and do not represent the views of equities.com. Readers should not consider statements made by the author as formal recommendations and should consult their financial advisor before making any investment decisions. To read our full disclosure, please go to: http://www.equities.com/disclaimer

Companies

Symbol Name Price Change % Volume
RHHVF Roche Holding Div Rts 254.85 -0.45 -0.18 1,410

Comments

Emerging Growth

MGX Minerals Inc.

MGX Minerals is a diversified Canadian mining company listed on the Canadian Securities Exchange. MGX is engaged in the acquisition and development of industrial mineral deposits in western Canada that…

Private Markets

Quants Inc

Quants, Inc, a California Corporation, develops, markets and operates financial technology platforms and alternative investment products offering sophisticated risk management since 2010. The Company has primarily sharpened its focus with…

iPRO Network, LLC

We provide the platform, tools, and resources to empower individuals and professionals to market desirable goods and services to the public, taking the place of traditional methods of commerce.