Marc Faber's latest commentary is now out. He writes about what he sees as an elevated slowdown in the world economy. He thinks this could be a warning sign to reduce long stock market exposure.
"Concerning my negative views about equities I would like to add that an important technical signal has turned down badly: the Smart Money Flow Indicator (SMART Index), which is calculated according to a special formula.
The broader point I want to make is that we can see an increasing number of signs and indicators that point to a major slowdown in the global economy and to disappointing corporate earnings. Therefore, I reiterate my previous recommendation that investors who are overweight equities should really reduce their heavy exposure. "
via GloomBoomDoom
