Marc Faber : "In a money-printing environment I'm reluctant to short. But say whereas I recommended investors to increase their positions last October, November, December, now I think that if people are overweight in equities they should reduce positions somewhat…maybe cash. The U.S. dollar is desirable at the present time. And we have to say one thing. The market consists of thousands of stocks and the market consists of many different stock markets globally. The S&P has done exceptionally well relative to, say, emerging economy stock markets, most of which are still lower than they were in 2011. So, if you look at the advance-decline line of all the share markets in the world, then it is definitely being deteriorating. And I happen to believe that money printing will continue and I would probably buy financial shares and I believe that the Japanese market may outperform all the other markets against all expectations in 2012."
- in CNBC 02 Apr 2012
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Monday, April 2, 2012
Marc Faber predicts Massive Wealth Destruction to Hit Investors
Dr. Marc Faber , The author of the Gloom Boom & Doom Report warns that the world will face "massive wealth destruction" caused by either inflation or social unrest. "Well to-do people will lose up to 50% of their total wealth," he adds. Investors, particularly those in the "well-to-do" category, could lose about half their total wealth in the next few years as the consequences pile up from global government debt problems,
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