Marc Faber said it’s a good idea to take money out of the stock market.
“I don’t think there is a lot of upside potential, but I think there is considerable downside,” he said.
However, he said that markets are now seeing emerging markets and their currencies go lower, and “It could be that all the money in the world flows in to U.S. stocks and avoids emerging markets.”
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Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.
