Dr. Marc Faber’s three bold predictions for 2014

He's one of the world's most noted market contrarians. Now Dr. Marc Faber, publisher of The Gloom, Boom & Doom Report, has three very bold predictions for the upcoming year.

In an interview with Talking Numbers, Faber offers what he thinks is next for the world in 2014:

1. The market will continue to decline from its November high of 1,813

Faber says: "My sense is that at the present time, the US market is relatively expensive compared to foreign markets, especially to European markets and to emerging markets. On a cyclically-adjusted P/E [price-to-earnings] basis, it is actually going to return very little over the next seven to 10 years. (more)

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