Marc Faber : time to be rather cautious

Marc Faber : Basically, since March 2009, equities have doubled in value by and large. Some have gone up more than 100%, some a little bit less, we’ve had a huge bull market. Last year, almost a year ago on May 2nd, the S&P reached a high of 1,370. Then we dropped into August and into October, and we bottomed out on the S&P at 1,074 on October 4th. Since then, we have a 25% rally. The mood in October and November of last year was extremely negative. I think this is the time to be rather cautious. Personally, if I had heavy exposure to equities, I would take some money off the table. - in oilprice.com