Asset Prices are already Grossly Inflated

"I think Mr. Trump will have a better economy, but that doesn't necessarily mean that asset prices will go up, because they are already grossly inflated," he said. Still, Faber's rhetoric was less alarming than in previous interviews, where he called for a collapse worse than in the late '80s. "If someone wants to be in the market, and I always have part of my assets in equities, then I think other markets than the U.S. are more attractive," said Faber to CNBC . 

Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.Dr. Doom also trades currencies and commodity futures like Gold and Oil.