Tuesday, April 9, 2013

Markets could continue higher but watch for crash

Near term the market is overbought, we could make new highs in the S&P500 with very few stocks making new highs.

If we go higher the probability of a stock market crash goes higher sometime in the second half of this year so I dont think its a very good time to buy stocks.

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