Monday, April 1, 2013

US stocks dont have much higher to go

I think US stocks wont go too much higher from here and there is considerable downside risks.

Europe has current account surplus but their economy is in a recession and this will affect the US stocks as well. Bulk of the US corporations profits come from Europe. Also at the same time global liquidity is contracting.

Marc Faber is a famous contrarian investor and the publisher of the Gloom Boom & Doom Report newsletter.