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Marc Faber: Get Ready For This Stock Market Party To End

Kitco News, Released on 10/16/17

The party is coming to an end folks. Stock markets are trading at all-time highs and heading for their ninth straight year of record valuations, but one famed investor – known to many as Dr. Doom – is not falling for the hype. “The fact that a market goes up does not necessarily mean it will continue to go up,” Marc Faber, editor & publisher of “The Gloom, Boom & Doom Report,” said on Monday. “If people think everything is fine, they’re mistaken.”

Dr. Marc Faber was born in Zurich, Switzerland and obtained a PhD in Economics at the University of Zurich. Between 1970 and 1978, Dr. Faber worked for White Weld & Company Limited in New York, Zurich and Hong Kong. From 1978 to February 1990, he was the Managing Director of Drexel Burnham Lambert (HK) Ltd. In 1990, he set up his own business, Marc Faber Limited which acts as an investment advisor and fund manager. Dr. Faber publishes a widely read monthly investment newsletter, “The Gloom Boom & Doom Report,” which highlights unusual investment opportunities, and is the author of several books including Tomorrow’s Gold: Asia’s age of discovery which was a best seller on Amazon. Dr. Faber is known for his “contrarian” investment approach and charismatic personality. He became infamous after calling the 1987 crash in US equities.

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