The outlook for emerging markets is “far more optimistic” than for developed economies, investor Marc Faber said at a conference in Seoul today 30 June 2009 . Faber also recommended investments in commodities and tourism industries.Marc Faber predicted the 1987 stock market crash , he was spot on when he predicted last march that stocks will rally and that industrial metals will out perform gold , and that is exactly what happened , Marc Faber managing director and founder of Marc Faber Ltd is also better known as the editor and publisher of the Gloom Boom and Doom Report
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