Marc Faber : time to be rather cautious

Marc Faber : Basically, since March 2009, equities have doubled in value by and large. Some have gone up more than 100%, some a little bit less, we’ve had a huge bull market. Last year, almost a year ago on May 2nd, the S&P reached a high of 1,370. Then we dropped into August and into October, and we bottomed out on the S&P at 1,074 on October 4th. Since then, we have a 25% rally. The mood in October and November of last year was extremely negative. I think this is the time to be rather cautious. Personally, if I had heavy exposure to equities, I would take some money off the table. - in oilprice.com

Marc Faber : The best opportunities for investors in Asia at present ?

Marc Faber : Right now, for the next one or two months, I don't think that stocks will go up a lot. I personally think they will correct. But long term, I still like Asia. My concern is if the Chinese economy slows down meaningfully that we could have economic weakness spreading around Asia as well, as well as in countries that supply commodities to China, like Australia, Brazil, Argentina, and so forth. Right now, say for the next two months, I'm very cautious. - in oilprice.com