Marc Faber : "If we continue to move up, the probability of a crash becomes higher," Faber predicted in a " Squawk Box " interview, saying it could happen "sometime in the second half of this year."
"breaking down," such as Oracle and FedEx "Can we go up just on a few stocks like Johnson and Johnson, Procter and Gamble, Wal-Mart, and so forth? Possibly."
"We could on the SandP make a new high," he acknowledged, "but with very few stocks making new highs."
"It`s not a very good time to buy stocks," Faber warned, arguing that stocks are not at the beginning of a bull market as many analysts have predicted on "
Marc Faber, the Gloom, Boom & Doom Report's editor, thinks stocks could make near-term new highs, but a "crash" is still probable later this year.
LinkWithin
