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?
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