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Marc Faber's 2014 Predictions

Tyler Durden's picture




 

Marc Faber has 3 very contrarian predictions for 2014 that we are sure will have the yammering yay-bobs screaming. While "everyone thinks stocks can continue to rise," Faber sees "the US market as expensive," and will return very little over the next few years. Furthermore, he adds, while "some stocks are not terribly expensive; but just like in the year 2000, [social media] stocks are grossly over-valued," and a short basket in the most egregious will return at least 30% next year. Lastly, Faber exclaims, "given all the money printing that is going on globally... physical gold is a good insurance."

Click image for interview (no embed)

 

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

1. The market will decline from current levels

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.

2. Best shorts for 2014: Facebook, Tesla, Twitter, Netflix, and Veeva Systems

Faber says: "If you look at the entire market, some stocks are not terribly expensive and some stocks are very expensive. It's like in year 2000, not every stock was overpriced. At that time, the NASDAQ was grossly overvalued but, say, resource shares and so-called 'old economy' companies were relatively inexpensive or absolutely cheap. In the present instance, I think that stocks like Facebook, Tesla, Twitter, Netflix, [and] Veeva Systems are grossly overvalued and that the basket of shorts in these stocks will return you at least 30% next year."

3. Best longs for 2014: Gold, gold shares, and Vietnamese stocks

Faber says: "Given all the money printing that is going on globally – and not just in the US – and given that the total credit as a percent of the advanced economies is now 30% higher than in 2007 before the crisis hit, I think that gold is a good insurance."

"I'd rather buy something that is reasonably priced. And, I think gold shares are very inexpensive. So a basket of gold shares I think next year could easily appreciate 30%."

"I think the Vietnamese stock market, which this year was up 22% [and] which is not bad for an emerging market, will continue to go up."

 

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Fri, 12/27/2013 - 18:39 | 4280338 666
666's picture

4. F*** Marc Faber.

Fri, 12/27/2013 - 18:41 | 4280344 MsCreant
MsCreant's picture

Are you a sex slave? A young man perhaps? That would help.

Fri, 12/27/2013 - 19:03 | 4280393 Harbanger
Harbanger's picture

If that was a dig directed @ 666, Faber got the short end of it. 

Fri, 12/27/2013 - 19:12 | 4280410 flacon
flacon's picture

Both Faber and Rogers cautioned about gold. It's Eric King from KWN that has been persistently promoting gold and gold stocks every week regardless of micro or macro conditions. Anyone owning any gold stocks in the past three years knows full well what the performance has been. 

Fri, 12/27/2013 - 19:24 | 4280432 666
666's picture

I am fed up with billionaires, celebrities, or anyone who's well known to the masses predicting whatever. I don't care if they're right or wrong. That's why I gave him a thumbs down.

Fri, 12/27/2013 - 20:06 | 4280488 DoChenRollingBearing
DoChenRollingBearing's picture

Making predictions (correctly!) is very difficult.  I know, because I have tried and have usually been WRONG.  Nonetheless, unless someone is clearly talking their book (typical and common), I admire people for thinking this through and taking their best shot.

I will be thinking over the next few days as well re 2014.  I will not make predictions, as (above mentioned) they are no good.  But there is PLENTY to think about.  I will get started soon...

Best to all finishing 2013 and then into 2014!

Fri, 12/27/2013 - 23:17 | 4280923 Hulk
Hulk's picture

I predict, that for the year 2014, people will continue to make wrong predictions !!!

That is all for now, smoke if ya got em...

Sat, 12/28/2013 - 00:34 | 4281065 CognacAndMencken
CognacAndMencken's picture

Faber has had the same commentary since the 1980s. Here's Faber in August 2013 predicting the market will crash before the year is over.

http://www.cnbc.com/id/100950234#_gus

I like Faber.....I really do, but the guy has been just dead wrong. That being said, Faber seems like a great guy to share a pilsner with. The great irony is that doomer mongers like Faber actually strengthen the market. So long as everyone questions whether the market can go higher, it will.

Sat, 12/28/2013 - 01:16 | 4281121 HulkHogan
HulkHogan's picture

I agree, and will be buying Twitter, Facebook, Netflix, and the rest. S&P up another 20%+ in 2014. As long as everyone thinks it will (or very likely could) go down, it will continue to go higher.

Sat, 12/28/2013 - 06:09 | 4281360 samcontrol
samcontrol's picture

who is everyone exactly...???
I think you are confused,, if you want to continue long ok,,, but some of those are suicide and a few tiny shorts are a good casino bet.

Sat, 12/28/2013 - 09:21 | 4281480 Son of Loki
Son of Loki's picture

Stock and house prices have been artificially propped up by the Fed. As market forces sink in we will see them correct I suspect. The 10-yr is already over 3% and I see house sales dropping and builders offering many more 'incentives' for their new houses.

Stagnant Wages will remain a Big problem. I don't see any company in my area increasing wages and many are even still cutting benefits.

The flood of cheap pabor will continue to saturate our economy resulting in even greater pressure on wages esp in IT and blue collar areas.

Sat, 12/28/2013 - 09:58 | 4281510 mrdenis
mrdenis's picture

Farber is like a broken clock ....an OLD broken clock at that ....

Sat, 12/28/2013 - 11:57 | 4281624 SilverShortage
SilverShortage's picture

Via Marc Faber's Blog : http://marcfabernews.com

 

Owning Some Physical Gold Is A Prudent Insurance Basically we are in an environment where central banks are monetizing debts and where the balance sheets of central banks are increasing, and this will continue, especially in the United States and Europe. We are also in an environment where in the long run, a lot of sovereign debts will either not be paid or will have to be inflated away. So owning some physical gold is a prudent insurance. I am specifying here 'physical gold' because one wants to protect oneself as an investor for the potential of a systemic collapse of the financial system.

Sat, 12/28/2013 - 12:21 | 4281655 ATM
ATM's picture

Crazy talk! Money printing will save us all just like it has always done throughout history.

Sat, 12/28/2013 - 10:06 | 4281522 thestarl
thestarl's picture

As i've said before i'm no financial guy but stop the printing presses period and lets see what happens and increase interest rates to normal levels game over.

Sat, 12/28/2013 - 12:26 | 4281665 ATM
ATM's picture

Housing, upon which rides 50% of the US economy today, will crash. Unemployment will rocket, Government debt will explode, intrest expense will go through the roof and crash the federal budget. 

What could go wrong with that? Rates are not going much higher than they are right now and I think will go much lower as this little blip in rates will be shown to have killed any growth in the economy. The Fed will be forced to step on the printing accelerator again thereby distorting everything and anything from real price discovery.

We live in a mirage created by money printing and money pringint cannot last forever but it can go on for a very long time. So buy some physical for the eventual meltdown. It may come after you are dead but your kids will appreciate the forethought.

Sat, 12/28/2013 - 11:07 | 4281559 Freewheelin Franklin
Freewheelin Franklin's picture

I like Faber.....I really do, but the guy has been just dead wrong. 

 

 

Faber has very good analysis of past happenings. 

 

https://www.youtube.com/watch?v=fWI2OPcabtk

Sat, 12/28/2013 - 21:19 | 4282545 TheReplacement
TheReplacement's picture

"but the guy has been just dead wrong"

One wonders where he gets his money from in that event.

Sun, 12/29/2013 - 14:01 | 4283363 AbbeBrel
AbbeBrel's picture

PunditTracker :  http://blog.pundittracker.com/barrons-roundtable-2012-update/?utm_source=rss&utm_medium=rss&utm_campaign=barrons-roundtable-2012-update

 

 

Zulauf in the lead at 23.8 CAGR over 2005 to 2011

Faber in 2nd place with 20.2%.

Any other comments about track record?   I am very curious to see the stats next month...

Fri, 12/27/2013 - 23:20 | 4280925 buyingsterling
buyingsterling's picture

Thanks and the same to you. You're a positive and cheerful presence here, best to you and yours.

Sat, 12/28/2013 - 06:26 | 4281366 ebear
ebear's picture

"Making predictions (correctly!) is very difficult."

Especially about the future.  Those are really tough!

Fri, 12/27/2013 - 20:48 | 4280595 Papasmurf
Papasmurf's picture

That's why I gave him a thumbs down.

The other thumb is in your ass.

Sat, 12/28/2013 - 00:04 | 4281023 nightshiftsucks
nightshiftsucks's picture

And the dick is in your mouth.

Sat, 12/28/2013 - 01:51 | 4281176 Clowns on Acid
Clowns on Acid's picture

Naww....papa don't eat baby food.

Fri, 12/27/2013 - 19:31 | 4280435 Harbanger
Harbanger's picture

Forget stock prices, although I would buy mining stocks now because they're very undervalued.  Gold is a finite element in a finite world loaded with paper debt.  After 2008 and all the new liquidity that's being created, do you wait to see if the price drops? No.  Because the day will come when they run out of physical to give to china and the real price will be set by the market.

Fri, 12/27/2013 - 21:06 | 4280626 yabyum
yabyum's picture

I have kept a balanced and small miner potfolio for the last six years. I have come to expect the bright red blood gushing from my anus as normal.

Sat, 12/28/2013 - 00:32 | 4281064 CognacAndMencken
CognacAndMencken's picture

Fri, 12/27/2013 - 22:31 | 4280803 webspin
webspin's picture

They say there's a finete amount of water and unlike gold, it's essential to life. Can I sell you a lake at bargain basement prices?

Fri, 12/27/2013 - 22:50 | 4280856 Harbanger
Harbanger's picture

Before you sell me on your ideas, Why don't you start by buying yourself a good water filter. 

Sat, 12/28/2013 - 06:08 | 4281361 samcontrol
samcontrol's picture

so you are investing in water how ?

Sat, 12/28/2013 - 09:25 | 4281485 Son of Loki
Son of Loki's picture

Harbanger is right I think. I added so me FCX myslef this week. It's too low right now. There are other strong miners but that is my favorite.

Fri, 12/27/2013 - 19:29 | 4280437 knukles
knukles's picture

Listen up and listen good, Pilgrims.
If the SEC's budget gets expanded significantly, another great long will be midget tranny porn.

Hi, I'm from the government and here to stick my arm up to my elbow and....

Fri, 12/27/2013 - 20:00 | 4280500 markettime
markettime's picture

Wait....isnt the S&P at 1840 or around that level? Sooooo why is he saying 1814? Am I missing something?

Fri, 12/27/2013 - 20:39 | 4280580 deKevelioc
deKevelioc's picture

It's the Swiss-German accent.

Fri, 12/27/2013 - 22:37 | 4280828 yogibear
yogibear's picture

When the Fed keeps pushing up stock prices how can you be bearish. One day it will be beyond their control.

Sat, 12/28/2013 - 08:17 | 4281414 caShOnlY
caShOnlY's picture

Anyone owning any gold stocks in the past three years knows full well what the performance has been. 

The FIAT dollar is a 4 headed hydra, read FEKETE, anything threatening it will be faught hard.  In the end the fighting becomes so fierce the 4 heads begin lashing out in any and every direction.  It is at that time the 4 necks will knot together and aphyxiation or self destruction wil occur.

Gold is the only hold right now for the long term.  Sit back and watch the fight. The gold stocks will probably be nationalized at some point.  If they are giong into Africa with drones to get gold, you can bet they will take the gold miners at home.

Fri, 12/27/2013 - 23:07 | 4280892 nightshiftsucks
nightshiftsucks's picture

Mscreant is just mad because she wants a threesome with Faber and Rogers

Fri, 12/27/2013 - 23:12 | 4280900 nightshiftsucks
nightshiftsucks's picture

Wow,didn't know that so many zerohedgers had an emotional attachment to Fabers penis,I guess they drank his juice. He will be right some day and until then he's wrong.

Fri, 12/27/2013 - 23:54 | 4280999 Crusader79
Crusader79's picture

His first prediction is already wrong.

Sat, 12/28/2013 - 06:58 | 4281390 Bokkenrijder
Bokkenrijder's picture

"I think the Vietnamese stock market, which this year was up 22% [and] which is not bad for an emerging market, will continue to go up."

Yeah right, and you'll get your whopping 22% 'return' in Vietnamese DONG (no joke!). Last time I was in Vietnam (about 6 months ago) I changed €50 and, if I remember correctly, I got something like 1,5 million Dong for it in return.

What's next? Faber recommending Zimbabwe stocks?

I like Faber's Gold call though, but I'm already curious how he will wiggle away from underneath that one if Gold tanks once the stock market tanks. Whether real or manipulated, Gold IMHO WILL be dragged down by stocks if a big sell off happens, like in 2008.

Sat, 12/28/2013 - 11:14 | 4281563 Freewheelin Franklin
Freewheelin Franklin's picture

Meh, what's a little Dong between friends? 

 

Oh, you gotta wittle a dong!

Fri, 12/27/2013 - 18:40 | 4280341 MsCreant
MsCreant's picture

Marc gets gold right. This should be interesting.

Fri, 12/27/2013 - 18:44 | 4280354 seek
seek's picture

Let's hope so. It'd be nice to see AU go back into the green trendline.

I think he called the shorts right as well. Not that it means they can't defy gravity, but my intuition tells me 2014 is the year some of the short guys will make money.

Fri, 12/27/2013 - 20:01 | 4280495 DoChenRollingBearing
DoChenRollingBearing's picture

But, it's OK with me if Au stays,down a little bit longer...  Just a wee bit more time to buy some more.  But, I will keep buying as gold goes up, up and away irregardless!  Fishez!

They bash gold, OK, I'll buy.  Gold goes up, I'll buy.  Higher prices means fewer ounces.  But, a higher price is OK too.  You know, for the Central Bank of DoChenRollingBearing and all...  

:)

Sat, 12/28/2013 - 23:43 | 4282713 TheReplacement
TheReplacement's picture

Here's to $400/oz.  We all know the circus cannot continue forever.  It would be better if we can get more insurance before the fall.

Fri, 12/27/2013 - 23:13 | 4280908 nightshiftsucks
nightshiftsucks's picture

So he was right ? Did he say it was because the price of gold is manipulated or some other bull shit ?

Sat, 12/28/2013 - 00:35 | 4281070 lewy14
lewy14's picture

My recollection of Faber's call on gold lately has been that one should not value it; it's insurance that's stashed away.

And in this I agree with him.

Sat, 12/28/2013 - 17:11 | 4282202 giggler321
giggler321's picture

If he did, it would be the first time.  He even admitted on CNBC that he should have called top before the drop from 1900 to where we are today.

 

I ask anyone to predict anything other than collapse because in a manipulated world, unless you're the manipulator - the only thing you can do is guess.  I would hate to be one of the guys who empted their 401K's into yellow at 1900 only to find todays manipulated or otherwise buy it now figure of 1200

Fri, 12/27/2013 - 18:42 | 4280349 falak pema
falak pema's picture

say one thing do the opposite; machiavelli was the mark  of a Fable fibber of fame.

Fri, 12/27/2013 - 18:42 | 4280351 MsCreant
MsCreant's picture

Marc got out of gold, said he would, and then it dropped like a brick. I am inclined to pay attention to his gold calls.

Fri, 12/27/2013 - 19:01 | 4280388 falak pema
falak pema's picture

All that shimmers is not gold. Its the wet dream of a young man; to make a Miscreant into a believer to the point of becoming a helpless sex slave.

Faber would short that but I'll go Long John Silver on it; its gets my sliver churning and my motor moaning. 

Shed your hold on a bar of gold before it gets a hold on you like that python in Bali.

If the markets spike in 2014 then gold takes a nose dive.

So ...place your bets. 

 

Fri, 12/27/2013 - 21:05 | 4280628 Harbanger
Harbanger's picture

"Its the wet dream of a young man; to make a Miscreant into a believer to the point of becoming a helpless sex slave."

That's some imagination.  Would you feel the  same way if you thought she looked like Pelosi.

http://thevinylvillage.files.wordpress.com/2008/06/pelosi.jpg

Fri, 12/27/2013 - 22:05 | 4280753 aka Gil
aka Gil's picture

I just had to look, and what a wretched sight it is.

Fri, 12/27/2013 - 23:14 | 4280914 nightshiftsucks
nightshiftsucks's picture

WTF, do you clowns think if you give her up arrows that she's going to give you blow jobs ?

Sat, 12/28/2013 - 01:48 | 4281166 Clowns on Acid
Clowns on Acid's picture

Well...the down arrows weren't working...

Sat, 12/28/2013 - 05:38 | 4281344 falak pema
falak pema's picture

Lol, I'm glad I added a bit of spice to the crystal ball gazing crowd !

Sat, 12/28/2013 - 03:32 | 4281274 SilverFish
SilverFish's picture

 

she can't tell us what she will do until we give her the votes.

Fri, 12/27/2013 - 20:28 | 4280563 BeanusCountus
BeanusCountus's picture

Can't remember him saying he got out of it. I know he thought it could go down a bit when it was still 1500-1600, but never recommended selling physical that you already owned in anything I ever read. Not sure if he has an advisory service though.

Fri, 12/27/2013 - 21:50 | 4280695 Kirk2NCC1701
Kirk2NCC1701's picture

Ditto.  NONE of the Rich & Famous gold promoters -- not a single MFing one of them -- had predicted gold to go from 1800 down to 1200.

It wasn't till it was in the 1500 range, that they suggested that it'd be a good buy at 1200-1300, because of the mining costs.  All "motherhood + apple pie" stuff you can figure out yourself.

Even now you get a whole army of newsletter and stock-picking guys making juicy predictions about this company or that, this stock or that.  If they were REALLY that good and had a decent batting average, then THEIR name would be up there with Warren Buffet.  As it is, I'm tired of these News-Peddlers and their Pump & Dump games.

'Pump' this, snakeoil salesmen!  [gestures putting a shotgun into their mouth]

Sat, 12/28/2013 - 00:12 | 4281038 BeanusCountus
BeanusCountus's picture

With ya in snake oil guys. But he doesn't really fit the bill. He acknowledges his losses more than most. Not a pumper in my book. Just says what he thinks.

Fri, 12/27/2013 - 23:49 | 4280987 nightshiftsucks
nightshiftsucks's picture

Stare at my penis,you are now getting dizzy.

Sat, 12/28/2013 - 11:17 | 4281567 BigJim
BigJim's picture

I'm beginning to think your login name is less a complaint about your working hours than a description of your profession.

Sat, 12/28/2013 - 12:11 | 4281639 nightshiftsucks
nightshiftsucks's picture

No dickhead,I work in high tech mfg 3/4 12 hour nightshifts with a 45 minute commute on each end. I would love to to take you to work with me so I could correctly train and then watch you kill yourself doing something stupid.

Sat, 12/28/2013 - 14:02 | 4281857 Keyser
Keyser's picture

Why is there always at least one fuckwit poluting threads on ZH?

Fri, 12/27/2013 - 18:41 | 4280350 Hindenburg...Oh Man
Hindenburg...Oh Man's picture

Hmmmm....not exactly an 1813 high on the S/P

Sat, 12/28/2013 - 01:52 | 4281174 BandGap
Fri, 12/27/2013 - 18:46 | 4280358 Vandal
Vandal's picture

Faber is a snake oil salesman

Fri, 12/27/2013 - 18:44 | 4280359 assistedliving
assistedliving's picture

1.  15% increase thru 9/14

2.  another 10% Facebook, Tesla, NetFlix before shorting

3.  wait to Q3 '14 / Thai situation resolves before buying Vietnam, Au/Ag unless u cost average thruout

Fri, 12/27/2013 - 19:44 | 4280470 Alethian
Alethian's picture

4. Guns/ammo/seeds ASAP.

Fri, 12/27/2013 - 20:06 | 4280510 DoChenRollingBearing
DoChenRollingBearing's picture

Just bought 150 rounds of 9mm and $20 more of "junk silver" today...

Fri, 12/27/2013 - 20:21 | 4280549 Osmium
Osmium's picture

A retailer in my area has UltraMax .223 250 round boxes on sale for $19.00.  Pikced up my limit of two.

Fri, 12/27/2013 - 22:07 | 4280760 aka Gil
aka Gil's picture

250 rounds of .223 for $19.00? Surely you jest.

Fri, 12/27/2013 - 23:19 | 4280920 nightshiftsucks
nightshiftsucks's picture

Must be $190.00,I just bought 400 rounds of .556 green tips for $160.00.

Fri, 12/27/2013 - 23:24 | 4280929 superflex
superflex's picture

Best I've seen is the Prvi Partizan .223 for $0.33/round.

PSA has 150 rounds of Lake City green tips for $60

Sat, 12/28/2013 - 02:30 | 4281220 DoChenRollingBearing
Sat, 12/28/2013 - 03:05 | 4281253 disabledvet
disabledvet's picture

"Go long the Vietcong" he says. http://www.youtube.com/watch?v=ixljWVyPby0 "you're the only chance we've got." yeah. "now make it a soft landing Wall Street." and that's an order! http://www.youtube.com/watch?v=vkdH0nuDWX4

Sat, 12/28/2013 - 23:46 | 4282712 fedupwhiteguy
fedupwhiteguy's picture

your fat fingers must have missed entering one more zero!!!! wtf? that price is too good to be true..

Sat, 12/28/2013 - 05:09 | 4281330 Spungo
Spungo's picture

For killing werewolves? 

Fri, 12/27/2013 - 18:45 | 4280362 joego1
joego1's picture

I think Marc is on the mark.

Fri, 12/27/2013 - 20:23 | 4280547 Harbanger
Harbanger's picture

That's cornier than ethanol.

Fri, 12/27/2013 - 18:51 | 4280367 surf0766
surf0766's picture

Veeva systems ? really. Isn't everything better in the Cloud?

 

Fri, 12/27/2013 - 18:54 | 4280372 OutLookingIn
OutLookingIn's picture

What are the rich elite's doing?

Buying. Anything. At ANY price.

A painting for $143 million, a pink diamond for $83 million, even cars. A 1970 Dodge Challenger in mint condition at Barrett's for $1.3 million! What do they know that the unwashed masses don't know?

Paper is worthless. ANY paper assets, but mostly paper fiat currency. Hyperinflation anyone?  

Fri, 12/27/2013 - 18:59 | 4280389 Haus-Targaryen
Haus-Targaryen's picture

Hey nao! Don't know you know that American exceptionalisim will step in and all money printing to go on ad infinium?

Fri, 12/27/2013 - 22:31 | 4280806 Scarlett
Scarlett's picture

All these bubbles surely look like the beginning of hyperinflation.

Fri, 12/27/2013 - 19:12 | 4280411 NOTaREALmerican
NOTaREALmerican's picture

Re:  What do they know that the unwashed masses don't know?

What if they just like bling?   Just like the unwashed masses, but just more expensive bling.

What if life is just about bling, and nothing but bling?   

If it is just about bling, they don't know any more than the unwashed masses:  except that they knwo they've got better bling.

Sat, 12/28/2013 - 01:06 | 4281112 idontcare
idontcare's picture

Zen on bling:  If you buy bling but nobody notices (or cares) it is it really bling?

Corollary:  If everyone buys the same bling that you buy, is the bling really bling or just mass produced useless garbage with an inflated pricetag which will lose its value when everyone decides that its not bling any longer?

 

Do you not hear the grasshopper at your feet?

Fri, 12/27/2013 - 20:11 | 4280528 DoChenRollingBearing
DoChenRollingBearing's picture

OutLookingIn

FOFOA has a great article on just that subject (the very rich buying one-of-a-kind products).  One thing he discusses is that the very rare and very high quality stuff often can get a very high price when the time comes to sell.

One problem (of course) is recognizing very high quality to begin with (as FOFOA discusses).

Highly recommended article!

http://fofoa.blogspot.com/

Fri, 12/27/2013 - 22:40 | 4280837 dwayne elizando
dwayne elizando's picture

Balloon dogs and rare wine!

Fri, 12/27/2013 - 22:46 | 4280852 dwayne elizando
dwayne elizando's picture

With all the talk of "predictions", this looks to be fofoa's year.

Sat, 12/28/2013 - 03:10 | 4281255 disabledvet
disabledvet's picture

I've got a '99 F150 for sale for...One....hundred thousand! trust me! it's a steal in these inflationary times!

Fri, 12/27/2013 - 18:57 | 4280381 flow5
flow5's picture
2013-01 ,,,,, 0.169 2013-02 ,,,,, 0.154 2013-03 ,,,,, 0.156 2013-04 ,,,,, 0.15 2013-05 ,,,,, 0.136 2013-06 ,,,,, 0.073 2013-07 ,,,,, 0.088 2013-08 ,,,,, 0.072 2013-09 ,,,,, 0.075 2013-10 ,,,,, 0.018 2013-11 ,,,,, 0.068 2013-12 ,,,,, 0.092 2014-01 ,,,,, 0.066 2014-02 ,,,,, 0.041 2014-03 ,,,,,

0.065

 

The party is over early this year.

Fri, 12/27/2013 - 19:09 | 4280398 NOTaREALmerican
NOTaREALmerican's picture

I think they'll just add another decimal point column to the display field and everything will be fine.

Fri, 12/27/2013 - 20:48 | 4280600 BurningFuld
BurningFuld's picture

It actually goes exponential really fast. One decimal point just won't cut it. Try 10 before collapse.

Fri, 12/27/2013 - 19:07 | 4280385 Chupacabra-322
Chupacabra-322's picture

My BOLD 2014 Predictions, & I dare anyone to refute any of it.

More Torture
More Rendition
More Illegal wars of aggression
More Criminal arming, funding & training via the Criminal State Dept / CIA via Turkey, NATO & Saudi Ariabia terror Al CIA duh organizations.
More NSA- Illegal Global espionage, data mining & Sping.
More Militarized Authoritarian Fascist Totalitarian Police State
More unemployment.
More loss wages.
More NDAA
More criminal Presidental Executive orders
More crimes from DHS, DOJ, BATF, CIA, FBI, IRS, Federal Reseve, CONgress.
More wealth transfer.
More fake economic numbers.
More Monsanto
More criminal Supreme Court decisions.
More economic Bankster terrorism
More Criminal CIA drug running money laundering through the TBTFBankster tax payer bailed out Criminals.

More of the same Criminal Federal Government .

Fri, 12/27/2013 - 19:12 | 4280412 dcohen
dcohen's picture

You forgot Israel as the headline for all your points, especially the terror axis point, while Turkey and the Saudis are there, Israel mysteriously was absent, when in fact it should have been the first one on the list.

Fri, 12/27/2013 - 19:39 | 4280456 Chupacabra-322
Chupacabra-322's picture

My slip up. Those were the ones that just came to mind off a quick rant & as fast as I can type.

I should have included the Criminal Zionist's. The Zionist's not the innocent Jewish population there is a difference.

Fri, 12/27/2013 - 20:54 | 4280604 BurningFuld
BurningFuld's picture

You forgot moar dronings.  So Mr President you just killed 15 innocent people....still not enough to make you rethink the droning campaign?

Fri, 12/27/2013 - 21:38 | 4280674 Chupacabra-322
Chupacabra-322's picture

The Pure Internal Evil of Holder, Jarret, Brenan & Sertero with the Pentagram / Ultra Evil CIA is an abomination. They as well as The Global Criminal Oligarch Cabal Bankster Intelligence Crime Syndicate will be held accountable.

Fri, 12/27/2013 - 21:51 | 4280721 SuperRay
SuperRay's picture

You also forgot;

More ignoring of building 7 and 9/11 by the media

More spewing of radiation from Fukushima

More killing of witnesses/whistleblowers

Less and less dissemination of anything resembling the truth

 

Owning guns, gold and seeds (which I own, btw) is like clinging to a life preserver as a tsunami approaches.  If you've ever been in a fire fight or a war zone (which I have) you know in your gut that when the chaos comes, nothing you do can really protect you.  It's just blind luck and fate...

Sat, 12/28/2013 - 12:26 | 4281659 Vendetta
Vendetta's picture

Maintaining the beacon of darkness is hard work

Sat, 12/28/2013 - 14:28 | 4281892 mkucstars
mkucstars's picture

Oh come now, you're just stating the obvious.

Fri, 12/27/2013 - 19:00 | 4280392 devo
devo's picture

Gold gets creamed at the close again. For all the manipulation talk, you'd think someone would be able to prove it.

Fri, 12/27/2013 - 19:36 | 4280447 seek
seek's picture

There is more than enough evidence to prove it. Evidence isn't the problem -- getting prosecutions is the problem.

Fri, 12/27/2013 - 19:50 | 4280476 RabbitChow
RabbitChow's picture

nope, getting convictions is the prblem.

Sat, 12/28/2013 - 00:09 | 4281027 nightshiftsucks
nightshiftsucks's picture

Bend over bitch and grab your ankles,I'll prove it to you.

Fri, 12/27/2013 - 19:08 | 4280396 dcohen
dcohen's picture

Marc called 1500 a top on the S&P

I also remember his "that, we will not go above" ( referring to 1347 on S&P )

Sat, 12/28/2013 - 10:55 | 4281553 Keyser
Keyser's picture

I agree that Marc missed those calls, although in deference to him, this was before it became apparent that every aspect of the markets are being manipulated by the central bankers. There is no way in hell this bitch keeps going higher without the free lunch being offered by the central bankers. 

Fri, 12/27/2013 - 19:11 | 4280403 rsnoble
rsnoble's picture

Rather tame predictions.  No one will want to read anything else from him lol.

Fri, 12/27/2013 - 19:09 | 4280404 NOTaREALmerican
NOTaREALmerican's picture

Stocks go up until the there's a reason to panic.   There's no correction now.  

So, play red or black and you'll win, until green hits.

Fri, 12/27/2013 - 19:37 | 4280454 holdbuysell
holdbuysell's picture

Speaking of panic, from one of the sources in David Collum's 2013 Year in Review linked on Peakprosperity.com, here's the S&P 500 Futures Pit at the CME describing and showing the 2010 Flash Crash.

It's entertaining how excited this guy gets as the market continues to get crushed as he can see it coming before it shows up on the trading screen.

Must watch 3 mins:

http://www.youtube.com/watch?feature=player_embedded&v=E1xqSZy9_4I

 

And many thanks to David Collum for providing!

Fri, 12/27/2013 - 19:39 | 4280453 jefferson32
jefferson32's picture

The house of cards doesn't necessarily collapse when the central planners say it does. So the probability of shit (really) hitting the fan at anytime since 2007 means physical gold was a good investment every year since then, and still is in 2014.

Fri, 12/27/2013 - 19:41 | 4280458 Debeachesand Je...
Debeachesand Jerseyshores's picture

OMG,not a word about Silver or Platium.

Fri, 12/27/2013 - 21:29 | 4280661 Dr. Bonzo
Dr. Bonzo's picture

Faber's line on silver is always the same... It's a s good as gold, probably does better overall but always faces downside pressure because of its industrial properties; he prefers gold because less cumbersome to deal with in terms of storage, transportation, conversion etc. Keep in mind Faber doesnt buy ounces, he's talking kilos-tons. In short, he doesn't mind silver, he just prefers gold.

Sat, 12/28/2013 - 00:18 | 4281021 Mongoose
Mongoose's picture

OK, here goes;

Platinum (A.K.A> Johnnie Walker Platinum) will remain expensive. (I recommend the duty free shops if you get the opportunity.) However, it will be not nearly as expensive as Johnnie Walker Blue Label, of which I continue to deny myself becuase no man should have to fork over 200 bucks for a bottle of scotch, no matter how smooth it is... sigh.

 edit... and not a drop of scotch in me:(

Back to killin' snakes

Sat, 12/28/2013 - 04:47 | 4281320 dvfco
dvfco's picture

Mongoose - Nice post.  I was laughing at the end because I read your statement as "BACK TO THE KILLER SHAKES."  I thought you were saying you had the DTs from not having enough Scotch.  I was going to remind you that J.W. does have a 'Red' for the po folks like me.  Further, you can even just buy some good old American Whisky.

I hope you are OK and killin' snakes, not shaking like a dog shitting razorblades.

Sat, 12/28/2013 - 07:26 | 4281411 Mongoose
Mongoose's picture

Thanks for the well wishes, dvfco. I've never had the DT's and don't plan on it either. It usually takes me months to empty a bottle of scotch. I don't always drink scotch, but when I do, I like the good stuff. If anyone ever offers you some Blue Label, take it and enjoy.

Safe & Happy New Year to ya,

Back to killin' snakes...

Sat, 12/28/2013 - 06:21 | 4281365 samcontrol
samcontrol's picture

@mongoose.

I stash $300+ / 30 year old whiskey any chance I get as a hobby. My wine stashing is way more important..

Eg. my last bottle. I paid 1500 pesos for a 30 year valentine in august. It is worth 3100 now. Yes the peso lost 30% to the dollar, but the math is still on my side.
I never owned a bottle of scotch that went down in price.

Sat, 12/28/2013 - 07:37 | 4281427 Mongoose
Mongoose's picture

Interesting hobby, samcontrol. I'm afraid I'd be torn between selling to capture gains (cash transaction? Or bullion?) and drinking it on special occasions and then kicking myself later on for forgoing the gains. 

Or, would it be a deductable loss? "I swear Mr Auditor, it was a huge party and some drunken SOB broke three bottles and tried to lap it up off the floor..." hmmm

I'd be interested in knowing some of your whiskey picks.

Back to killin snakes

 

 

Fri, 12/27/2013 - 19:46 | 4280467 q99x2
q99x2's picture

FED stole his crystal ball.

Fri, 12/27/2013 - 19:49 | 4280474 Alethian
Alethian's picture

Republicans take the Senate. You heard it here first.

Fri, 12/27/2013 - 20:24 | 4280550 the grateful un...
the grateful unemployed's picture

you're right and it means absolutely nothing

Fri, 12/27/2013 - 21:42 | 4280690 Alethian
Alethian's picture

Fo' sho'.

Sat, 12/28/2013 - 11:05 | 4281560 Keyser
Keyser's picture

If it means isolating Barry in the oval office for the last 2 years of his administration, then it's worth it. 

Fri, 12/27/2013 - 19:49 | 4280477 Newager23
Newager23's picture

I'm bored and I have some time, so here are my predictions for 2014.

 

1. The DOW does not close above 17,000.

2. The DOW closes below 12,000.

3. Gold does not close below $1,100.

4. Gold closes above $1,800.

5. The dollar is devalued on 4/20/2014.

6. The stock market crashes on 4/21/2014.

7. The US 10 Yr bond rate reaches 4.2%.

8. The US 30 Yr bond rate reaches 5.7%.

9. The US unemployment rate reaches 8% (official).

10. Marshall law is declared somewhere in the US.

11. By the end of 2014, many will question if the American Era is over.

12. Time Person of the Year: The US Flag in tatters.

13. Housing prices will drop 8% (national average).

14. The HUI gold miners index will rise 100%.

15. Holiday retail sales will drop 4% during the 2014 xmas season.

16. The US budget deficit will return to $1 trillion.

17. The bankruptcies and bailouts of 2008 will return.

18. Obama's popularity rating will plunge to 32%.

19. Global economic growth will drop below 2%.

20. The cost of Superbowl commericials will drop for the first time (Jan 2015)

 

Fri, 12/27/2013 - 19:56 | 4280493 Alethian
Alethian's picture

Fuck me! Time to spring for the Glenfiddich 25, I guess.

Fri, 12/27/2013 - 20:11 | 4280519 dogmete
dogmete's picture

 I think housing will drop over ten percent & retail sales for Christmas will drop over ten percent too.

Fri, 12/27/2013 - 20:16 | 4280539 DoChenRollingBearing
DoChenRollingBearing's picture

Newager23

I mentioned above that I admire people who will make predictions (unless they are talking their book, which DOES happen all the time), as my prediction record (esp. short-term) has always been bad.

Let's see if you're right!

Fri, 12/27/2013 - 21:34 | 4280666 eclectic syncretist
eclectic syncretist's picture

"Making predictions is hard to do, especially about the future."

-Yogi Berra

Sat, 12/28/2013 - 10:29 | 4281530 monoloco
monoloco's picture

"Making predictions is hard to do, especially about the future." -Yogi Berra 

That's because the future ain't what it used to be.

Fri, 12/27/2013 - 20:20 | 4280546 the grateful un...
the grateful unemployed's picture

+19) anyway

most people don't realize that as the deficit drops things get worse economically

obama is already there

the professional op on interest rates is 3 something on the 10Y but any sort of move should overshoot. buy that rate i think

the time person of the year will be the tea party, since boehner broke ranks they gain voters.

martial law in PORTLAND. (they have a sizable white supremacist movement), but thats just a guess. its for sure blacks wont riot.

Sat, 12/28/2013 - 02:34 | 4281223 Kelley
Kelley's picture

A good list. More conservative than what mine would be.

The ObamaTax hits in 2014 which is going to bring forth major problems for the economy and jobs. People will literally be without food.

Look for business closures to accelerate greatly. Tax revenues will plummet which will lead to the bond market going nuts as interest rates go up.

This will drive the US debt up markedly and possibly result in the dollar losing its reserve status. If the dolar is no longer the reserve currency, 2014 wil make 1929 look like a picnic.

Fri, 12/27/2013 - 20:04 | 4280492 Gromit
Gromit's picture

Just back from a nice lunch in La Jolla, California with Larry Speidell, who runs a hedge fund which invests in Frontier markets, which he defines as markets insufficiently developed to qualify as emerging.

Larry visited Vietnam earlier this month and says:

 " We are optimistic about the frontier in Southeast Asia. Their political problems will continue to be a drag, but on the streets the quality of life is improving. People are starting to have to learn lessons about budgeting their spending on small luxuries rather than living hand-to mouth. The middle class is rising!"

 

 

Fri, 12/27/2013 - 20:04 | 4280506 the grateful un...
the grateful unemployed's picture

rode that Vietnam Fund train a long time ago, it never left the station, and probably never will. these Asians are not like the Chinese (which they fought in a war) those with money and education emigrated to america. i understand its a good place to live (anthony bordain said if he had one place other than NY to live it would be Vietnam, and he has a young daughter) and being a good place to live, it is probably a lousy place to invest or do business if you catch my drift

Fri, 12/27/2013 - 21:28 | 4280663 GrinandBearit
GrinandBearit's picture

A restaurant high on Prospect Ave, I hope  ;o)  

Fri, 12/27/2013 - 21:53 | 4280678 Gromit
Gromit's picture

Whisk N Ladle 7556 Fay. Nice place, not fancy, two blocks from his office.

Larry is more interested in effective use of time and good conversation than in impressing clients wth unnecessary largesse.

I can't post a link to his full letter, which discusses developments in local education and Gini Coefficients, due to Zerohedge poster restrictions, which I think are intelligent and reasonable.

 

Sat, 12/28/2013 - 00:08 | 4281029 IridiumRebel
IridiumRebel's picture

Try the fondue. It's Velveeta and Brie!

Fri, 12/27/2013 - 19:59 | 4280496 the grateful un...
the grateful unemployed's picture

gold is the new iphone, you wear it, you hold it up your ear, you tap your fingers on it. you ask it for directions, it says trust in me

Fri, 12/27/2013 - 20:29 | 4280565 1835jackson
1835jackson's picture

"In 2008 we had a financial crisis. The next train station stop is when governments go bust and I believe in the western world they all go bust! But before they do they will print money, then we go to war and all of us will be doomed!"~ Marc Faber, May 2009, New York.

Fri, 12/27/2013 - 20:52 | 4280606 Matt1973
Matt1973's picture

Is this not predictable...was Faber going to say long S&P, short gold? come on man !

I think Faber drives a Fiat.  Really ugly wife.  Get out of here Euro-trash!

Fri, 12/27/2013 - 21:21 | 4280649 Dr. Bonzo
Dr. Bonzo's picture

He lives in Thailand, drives a motorcycle and his wife is a thai hottie. 0 for 3 in less than 20 words. Nice.

Fri, 12/27/2013 - 21:31 | 4280667 1835jackson
1835jackson's picture

Matt- Marc is right in the LONG run. This market is just a post finance crisis knee jerk. The REAL shit will hit the fan in about 2-4 years. 

Fri, 12/27/2013 - 23:33 | 4280955 nightshiftsucks
nightshiftsucks's picture

Maybe

Sat, 12/28/2013 - 01:38 | 4281156 Clowns on Acid
Clowns on Acid's picture

2 - 4 months.... recovers in 2 to 4 years. Many bodies in street.

Sat, 12/28/2013 - 06:59 | 4281392 CuttingEdge
CuttingEdge's picture

Recovery in 2 to 4 years?

Optimistic. Europe and The US still haven't recovered from 09 four years on (and on paper more fucked now than then), and when the SHTF this time it will be way way worse. Count on it.

Fri, 12/27/2013 - 21:38 | 4280675 Kirk2NCC1701
Kirk2NCC1701's picture

Wait, don't tell me... More Gloom Doom and Boom.

Or does that apply just for "his tax-haven-of-residency" and home of "hot+cold running sex slaves":  Thailand?

p.s. Trivia... did you know that when the former F1 Champ Niki Lauda retired (after accident and bad burn), that he started Lauda Air?  Well, this enterprising Austrian was all pumped up no having charter flights from Vienna to Bang Kok, full of fat, horny, and affluent guys, looking to get their oil changed and engine overhauled in the new Sex Tourist trade with Thailand.  In case that sort of thing interests you.

Fri, 12/27/2013 - 22:35 | 4280821 therevolutionwas
therevolutionwas's picture

you're just jealous.

Sat, 12/28/2013 - 02:17 | 4281207 Kelley
Kelley's picture

Whenever I hear or read that an American or Brit lives in Thailand, one of the first thoughts to occur is, "Is this guy there for the obvious reasons?" Why else does an English speaking person decide out of 200 countries in the world to move to Thailand?

Not good. Not good.

Sat, 12/28/2013 - 07:24 | 4281412 ricky663
ricky663's picture

Ahhhh, I am a US expat living in Thailand, so let me educate you.
Some of the many reasons we live here in south Thailand:
- it is possible to buy a decent (middle class) house for $50k US (our place is paid off... Imagine not paying a mortgage anymore. BTW, the banks pay interest here on savings!)
- low property tax bill $2 / year
- good food
- nice culture and people
- government extract taxes from import and luxury taxes and corporations vs. The "little guy," though they pay also
- few traffic fines are given (my daughter just got one - fine 400 ThB/~$13US. I looked this up online and the same ticket in New York State would have been $330-900)
- reasonable phone ($4/mo) and electrical ($50/mo) bills
- modern and good medical system delivered for a reasonable cost
- no ambulance chasing attorneys (if you sue someone and lose, you pay the legal costs for both parties - sure curbs the frivolous lawsuits)
- decent, though hot, weather (kinda like Hawaii but without the high
prices)
This place is not perfect. There are political and environmental issues, we don't have Home Depot, cheap cars or gasoline, but it is a decent system if you are a good citizen.
Thailand does have a reputation of having a large sex industry, which is probably deserved. However, there are many more industries here that are MUCH larger, i.e. Ag, auto, gas and oil, travel & tourism, clothing, etc.
I would rather be here as a guest, than be in the USA as a debt slave.

Come and check it out.... Who knows? Ya might like it!

Sat, 12/28/2013 - 12:35 | 4281686 nightshiftsucks
nightshiftsucks's picture

Sounds like a safe place...not.

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