Marc Faber - All the Gravy is Gone

For the latest Marc Faber, go to http://MarcFaberBlog.com - The entry point for people who want to enter equities is a high entry point. The economy shows little promise for growth. All of the gravy is already gone with the bounce from the March 2009 lows. Long term, the dollar will continue to weaken. The problem is that all paper currencies will continue to lose value. There are still quite a few equities with a reasonable valuation. Not a cheap valuation, but reasonable. If you are taking a long term approach, then you can find some good investments, but if you are a trader, this is probably not a good time to inter the market. Resource stocks have more than doubled or even tripled since the lows. Oil is up nearly double. There is plenty of supply, and demand is waning. It just isn't a great time to buy.