“‘I don’t regard this as a very healthy market,’ Faber told CNBC from Singapore. ‘The U.S. market is in a very dicey position where it could easily drop 10, 20 percent.’ He pointed out that many stocks are already down 10 to 20 percent, such as momentum stocks which include high-flying technology and biotech shares.  He said he did not feel comfortable putting all his money into equities at the present time and owning 10-year Treasury notes gave him some security. As money moves out of risky assets, Treasurys could benefit, he argued.  Equity markets were ‘relatively expensive’, he said, although Europe and emerging markets represented better value.”

http://www.cnbc.com/id/101695542

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