MARC FABER : Stock Market Will Fall! Stocks & Gold Are Oversold

Marc Faber, author of the "Gloom Boom & Doom Report," is as bearish as ever.
"People with assets are all doomed, because prices are grossly inflated globally for stocks, bonds, and collectibles
," says the investment advisor in a new interview published in this week's Barron's.I thought the U.S. market would have a 20% correction last fall, but it didn't happen. I also said the market might explode to the upside before the correction occurred. We might be in the final acceleration phase now. The Standard & Poor's 500 is at 1650. It could rally to 1750 or even 2000 in the next month or two before collapsing.I own equities, and I should thank Mr. Bernanke. The Fed has been flooding the system with money.