Friday, October 11, 2013

Fed will lose control of stock market

The US Federal reserve along with other central banks pumping money as fast as they can is in itself a dangerous experiment. There is no such historical precedent. We can only pray and hope it ends well for all of us and not lead to the breakdown of the financial world. Marc Faber thinks the markets are extended and the Fed is showing signs of losing control.

"The markets are overbought and the fed has already lost control of the bond market. The question is when will it lose control of the stock market."

Marc Faber is an world famous contrarian investor known for his accurate predictions of the stock markets around the world.