{"id":23027,"date":"2017-02-27T21:11:40","date_gmt":"2017-02-28T02:11:40","guid":{"rendered":"http:\/\/olduvai.ca\/?p=23027"},"modified":"2017-02-27T21:12:03","modified_gmt":"2017-02-28T02:12:03","slug":"dr-dooms-back-marc-faber-warns-markets-will-fall-like-an-avalanche-trump-cant-stop-it","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=23027","title":{"rendered":"Dr. Doom&#8217;s Back: Marc Faber Warns Markets Will Fall &#8220;Like An Avalanche&#8230; Trump Can&#8217;t Stop It&#8221;"},"content":{"rendered":"<h3 class=\"title\"><a href=\"http:\/\/www.zerohedge.com\/news\/2017-02-27\/dr-dooms-back-marc-faber-warns-markets-will-fall-avalanche-trump-cant-stop-it\">Dr. Doom&#8217;s Back: Marc Faber Warns Markets Will Fall &#8220;Like An Avalanche&#8230; Trump Can&#8217;t Stop It&#8221;<\/a><\/h3>\n<section class=\"messages-holder\"><\/section>\n<div class=\"tabs\"><\/div>\n<section class=\"node node-type-story node-full node-nid-589056 ads-injected\" data-mediaconductor-processed=\"true\">\n<div class=\"content\">\n<p><strong><em>&#8220;One man alone cannot make &#8216;America great again&#8217;. That you have to realize,&#8221;<\/em><\/strong>\u00a0warns Marc Faber, the editor of &#8220;The Gloom, Boom, &amp; Doom Report,&#8221; reminding the world that the\u00a0<strong>US stock market is vulnerable to a seismic sell-off\u00a0<\/strong>that won&#8217;t be caused by any single catalyst. His argument:\u00a0<em><strong>Stocks are very overbought and sentiment is way too bullish for the so-called Trump rally to continue.<\/strong><\/em><\/p>\n<p><iframe loading=\"lazy\" src=\"http:\/\/player.cnbc.com\/p\/gZWlPC\/cnbc_global?playertype=synd&amp;byGuid=3000596118&amp;size=530_298\" width=\"530\" height=\"298\" allowfullscreen=\"allowfullscreen\" data-mce-fragment=\"1\"><\/iframe><\/p>\n<blockquote>\n<div class=\"quote_start\"><\/div>\n<div class=\"quote_end\"><\/div>\n<p><strong>&#8220;Very simply, the market starts to go down. As it goes down, it will start triggering selling, and then it will be like an avalanche,&#8221;<\/strong>\u00a0said Faber recently on\u00a0<a href=\"http:\/\/www.cnbc.com\/2017\/02\/26\/when-selling-starts-in-markets-itll-trigger-an-avalanche-marc-faber-says.html\">CNBC&#8217;s Futures Now<\/a>. &#8220;I would underweight U.S. stocks.&#8221;<\/p><\/blockquote>\n<p>Faber, a supporter of President Donald Trump, isn&#8217;t blaming the new administration for his bearish forecast:<\/p>\n<blockquote>\n<div class=\"quote_start\"><em><strong>&#8220;Trump, unlike Mr. Reagan, is facing huge, huge headwinds \u2014 including a debt to GDP that is gigantic, as it is in other countries.&#8221;<\/strong><\/em><\/div>\n<\/blockquote>\n<p>Faber lists\u00a0<strong>rising interest rates and record earnings and margins as additional risks to the historic rally<\/strong>.<\/p>\n<p data-mediaconductor-processed=\"true\">The Dow Jones Industrial Average<strong>\u00a0closed at a record level for a twelfth consecutive session today<\/strong>\u00a0with the S&amp;P 500 to see the fewest declines in February than in any month since May 1990.<\/p>\n<div data-str-third-party-source=\"1bf58ab6\" data-str-mediation-key=\"646d1680\" data-str-placement-index=\"1\"><a href=\"http:\/\/www.zerohedge.com\/sites\/default\/files\/images\/user3303\/imageroot\/2017\/02\/19\/20170227_faber1.jpg\"><img decoding=\"async\" src=\"http:\/\/www.zerohedge.com\/sites\/default\/files\/images\/user3303\/imageroot\/2017\/02\/19\/20170227_faber1_0.jpg\" alt=\"\" \/><\/a><\/div>\n<p>The investor said that markets in Mexico, Brazil, and Asia also have been picking up significant gains so far this year. However,\u00a0<strong>Faber doesn\u2019t expect the worst-case scenario for all countries that have been benefiting from a strong run.<\/strong><\/p>\n<blockquote>\n<div class=\"quote_start\">\u201c<strong>China looks quite attractive.<\/strong>\u00a0For the next three months, money can flow into China. The economy, surprisingly, has begun to do quite well. We see that in retail in Hong Kong. We see that in the hotel industry, and we see that in demand for commodities,\u201d he said.<\/div>\n<\/blockquote>\n<div class=\"injected-ad-wrapper\"><\/div>\n<p>Faber says that resource commodities such as copper and gold would probably bring the traders solid profits this year.<\/p>\n<blockquote>\n<div class=\"quote_start\">\u201cWhen you look at Trump and his administration, and the way the budget is,<strong>\u00a0I think further money printing down the line is inevitable,\u201d\u00a0<\/strong>he said, stressing that such a policy could push commodities even higher.<\/div>\n<\/blockquote>\n<\/div>\n<div class=\"node-links\"><\/div>\n<\/section>\n","protected":false},"excerpt":{"rendered":"<p>Dr. Doom&#8217;s Back: Marc Faber Warns Markets Will Fall &#8220;Like An Avalanche&#8230; Trump Can&#8217;t Stop It&#8221; &#8220;One man alone cannot make &#8216;America great again&#8217;. That you have to realize,&#8221;\u00a0warns Marc Faber, the editor of &#8220;The Gloom, Boom, &amp; Doom Report,&#8221; reminding the world that the\u00a0US stock market is vulnerable to a seismic sell-off\u00a0that won&#8217;t be [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[2],"tags":[7844,14913,2307,3783,2443],"class_list":["post-23027","post","type-post","status-publish","format-standard","hentry","category-economics","tag-donald-trump","tag-dr-doom","tag-marc-faber","tag-stock-market-collapse","tag-stock-markets"],"_links":{"self":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/23027","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=23027"}],"version-history":[{"count":2,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/23027\/revisions"}],"predecessor-version":[{"id":23029,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/23027\/revisions\/23029"}],"wp:attachment":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=23027"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=23027"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=23027"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}