Saturday, February 27, 2016

Dr. Doom: Outlook 'so depressing' need to swim in beer

It won't come as a surprise to market watchers that "Dr. Doom" Marc Faber isn't getting any more cheerful.

But the noted bear at least found a sense of humor on Wednesday into which he could channel his bleakness.

The publisher of the "Gloom, Boom & Doom Report" told attendees at the annual "Inside ETFs" conference that the medium-term economic outlook has become "so depressing" that he may as well fill a newly installed pool with beer instead of water.

Drinking up seems to be Dr. Doom's only answer for investors to get through this market.

- Source, CNBC