Marc Faber: Market Overbought; Homebuilders, Tech Could Lead Stocks Lower
Posted on January 29, 2013 at 16:59 PM EST
Marc Faber, editor of the Gloom, Boom and Doom Report told CNBC's Maria Bartiromo on Tuesday that he was reducing his exposure to equities. Faber said that the market was "overbought." Still, he admitted that the market might continue to rally this year, but even if it did, he foresaw a