I think there are some groups of stocks that are highly vulnerable because they're in cuckoo land in terms of valuations.
Marc FaberGiven 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.
Marc FaberIf you print money like in Zimbabwe... the purchasing power of money goes down, and the standards of living go down, and eventually, you have a civil war.
Marc Faber