Marc Faber, editor of The Gloom, Boom & Doom Report told CNBC on Thursday that he believed the “very complacent” market was discounting three critical trends that suggest a correction is in the offing.
The man often referred to as “Dr. Doom” said that market expectations for the Trump administration, U.S. economy and foreign currencies could all contribute to a reversal in fortunes.
In contrast to this uptick in bearish sentiment from some, Berkshire Hathaway’s Warren Buffett argued in his closely watched annual letter on Saturday that the “miraculous” boom in the U.S. economy is set to continue.
The “Oracle of Omaha” said: “Our expectation is that investment gains will continue to be substantial – though totally random as to timing – and that these will supply significant funds for business purchase.”
