Marc Faber : The Bear Market Is Starting

"The bear market is starting. When you compare equities to bonds and cash I don't think equities are very positive,"
"The Treasury market is telling you that the economy is in recession," "So if the bond market is telling you that the economies of the Western world are weakening, but at the same time the stock market is still relatively high, I think the stock market is vulnerable." Marc Faber told CNBC in an interview
"The politicians are all useless individuals. Nobody is reducing the problems in the US or Europe, just putting on a band aid and postponing the problems endlessly," he added
"Some analysts think that there's a chance economic data will surprise on the upside but I think, if anything, it will be on the downside," Faber added.