Marc Faber joins Financial Argument with a word of caution. Everyone wants to know whether this stock market sell-off is a buying opportunity or the first move in a long-term downtrend.
Marc Faber doubts the majority of stocks will make new highs. In the next two years, many investors will not make money in equities, he says.
The Fed will likely try to prop up the market through more accommodative monetary policy.
He sees a possible rolling out of quantitative easing and a halt to rate raising. At that point, the Dollar will weaken. When the Dollar weakens, people will turn towards gold, silver and platinum.