Marc ‘Dr. Doom’ Faber: Why Stocks Are ‘Very Vulnerable’

by Jacob Pramuk

“Dr. Doom” has not become any more hopeful recently.

Marc Faber, the widely followed market pessimist, see multiple risks that could threaten stock markets. He said Wednesday he thinks the market is fully valued and faces hurdles from a sagging global economy, sluggish earnings and the U.S. presidential election.

“I think stocks are still very vulnerable,” the Gloom, Boom & Doom Report publisher told CNBC’s “Fast Money: Halftime Report.”

The three major U.S. averages were up slightly Wednesday but have climbed more than 5 percent each in the last three months. In January, Faber told CNBC that “most stocks” would drop between 20 and 40 percent, which seems “conservative.”

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