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  1. Home
  2. / Markets
  3. / Currencies

Stock Market Party Coming to an End Warns Dr. Doom Marc Faber

"If people think everything is fine, they're mistaken," says renowned investor Marc Faber.
By DANIELA CAMBONE
Oct 16, 2017 | 04:34 PM EDT

KITCO NEWS - The party is coming to an end folks.

Stock markets are trading at all-time highs and heading for their ninth straight year of record valuations, but one famed investors - known to many as Dr. Doom - is not falling for the hype.

"The fact that a market goes up does not necessarily mean it will continue to go up," Marc Faber, editor & publisher of "The Gloom, Boom & Doom Report," said on Monday.

The famed invesor is referring to U.S. stocks, which are still clocking in record highs with the S&P 500 and Dow Jones last seen at 22,929 points and 2,555, respectively. Faber's comments also come just three days away from a major anniversary in financial market history - Black Monday. In October 1987, both the S&P and the Dow crashed over 20% in a single day. Could markets see a repeat?

Watch more from Kitco News:

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This article is commentary by an independent contributor. At the time of publication, the author held TK positions in the stocks mentioned.

TAGS: Currencies | Investing | Video | Stocks | Financial Services | Economy | Opinion | Gold |

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Here's why any potential significant dip in the price of the yellow metal in the coming weeks will likely prove to be attractive opportunities for gold bulls.

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