Greg Hunter – Legendary investor Dr. Marc Faber called the precise bottom of the current bull market in March 2009. What does he say today about the record high stock markets?

Dr. Faber contends, “The advance/decline is not quite as strong as before. The list of new highs is not as strong as before, and we are overbought. We are not as overbought as in 1987, but we are more overvalued than in 1987. In 1987, we did not have the unfunded pension fund liabilities.

https://youtu.be/qs4hdyXbUZU

Debt to GDP (in 1987) was still relatively low. It did go up under President Reagan, but now it is in the sky. In particular, and I have to point this out, we have incredibly inflated and artificially manipulated European and Japanese sovereign bond markets. . . . I don’t think the market will be supported much longer from a decline in interest rates. They can be supported by money printing. That we have to see.” Continue reading →