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'The Gloom, Boom & Doom' report editor Marc Faber gives his outlook for the markets.
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-- and if we don't see -- market pullback soon.
Doctor Farber says we may be looking at -- 1987.
Like stock market crash all over again so those are pretty strong.
Words -- mark -- joins us the publisher and editor of the gloom boom and doom report on the phone from Thailand.
It's pretty big -- -- looking for era.
Not really I think they are two scenarios we have to consider our.
A pullback that's it today yet despite the 10% correction you know and another -- even do that some are you guys focused.
We have embarked it would become really over both -- and the way -- that we would have.
Expect commit -- Bob bullying stop.
And we could -- lever we could have a crack we could see a crash.
Yet.
Every week -- those those the F popping out prospect the credit BP -- Because I think what most -- their overlooked is that backed.
On March stakes of the eight year will will be four years into bull market wrap begun when yet -- -- -- that beat started beat these big.
-- -- months ago we were at 1007.
Even that beef being -- So we are very Spain decelerating now everybody at outback cheap right -- -- -- -- of the day.
A wanna hear all of what other asset class and what I'm going to hear your argument -- that because you're right we've had a number of people come on here in recent days making.
The case for stocks being cheap on a relative basis and using all kind of metrics to do so but also want to take you back a little while because he said you're the author of the gloom boom.
And doom report but lately it's -- there's been a lot of gloom from you on the stock market and you're back you're on with us back in November.
I was looking at some of those comments that you made then saying that we were it's looking a 20% drop from the peak he figured in the stock market we've actually gone up not down.
Consider it and so -- very obviously surprises you a little bit but what about people some off c'mon here here's -- again in these sets in the world's gonna end then.
They are sure -- I AM familiar -- back seat -- because that being truly so many times.
When you close to market help.
People don't want to hear back -- can go down right because they will argue well we can't be any reason why it would go down.
The -- but -- date in March 2009.
People could not be quite talks would opt.
And a year ago -- Europe right agreed that eight believe Portugal Spain.
Often doubt people couldn't -- right it would go up they lol we spoke about the breakdown of the Euro share and yet Greece is up under -- spend didn't spend.
There's the market by the way since but basically since those comments I referenced.
For mark -- in November right around Election Day and how the Dow -- done since then it has obviously.
Gone up in the argument for the continuation when I referenced a few moments ago as basically that the Fed is just so accommodative to keep interest rates so low.
And that if you look at other asset classes and and they started to make this comparison earlier a city yourself.
Well what value do I have in the bond market not much had better be in stocks and you say one.
Well basically I agreed that bonds are under attack.
But then borrow that stock back on the fact he's made these stocks -- -- the facts speak.
Because be -- got that -- Syria off bonds -- Darren -- at the -- Eric.
Over a longer period of time they were very similar to -- got far apart.
He is seventy helped perform at the end on performed badly but on a total return -- is there weren't built.
Arab providing -- at lower rates marital prospects 7% which would -- been great to be based.
So then what -- -- -- stocks.
Well I prefer -- -- -- -- US treasury right.
-- I think there may be other act that crop -- expect that period if they elect its location that they eerie that you expect.
-- give -- one location real quick and we'll wrap -- up.
Well a year ago I wrote about how do you expect these properties where he'd Eric George -- -- -- -- dot dot.
-- And the -- He married -- up.
And they spend these properties -- about.
I don't think that that cheap anymore because the private equity -- -- -- and vote thousands of blocked.
But -- Beirut reasonably attractive.
On debt to equity but -- -- Beyond the -- -- given.
That inflation -- somewhere and I think -- grown mostly corporate both beat them corporate propagate page.
We'll keep checking back with him time to time not one of the more influential.
Names in investing around the world mark -- thanks a lot.
