Tesla could face fierce competition in the future and why you might want to diversify your investments

Watch the Marc Faber video above or click here to play


I think we can easily give back five years of capital gains, which would take the market down to around 1,100. The excess liquidity that have been generated by central banks will lead to a great deal of volatility. I've seen, repeatedly in my life, markets drop 40 or 50 percent, and in some cases I've seen a market like the Dow Jones drop 21 percent in one day. So many things can happen.

The fact is, the market hasn’t really been driven by genuine buying, but by stock buybacks, takeovers and acquisitions, and market leadership has been narrowing. It’s not that many stocks that have been making new highs. It’s quite a narrow growth of stocks that have been very strong