Saturday, December 26, 2009

Play contrarian, buy Japanese stocks Marc Faber

Buy Japanese bonds and Japanese banks says Marc Faber


to the question "what are your keen investment themes and ideas for 2010?" Marc Faber had this to say : " I avoid US government bonds I think as a contrarian you really want the contrarian play. You should buy Japanese stocks and Japanese banks this is the absolute contrarian play. Nobody is interested in Japan all the funds have withdrawn money from Japan they have given up on Japan I guarantee you the economy would not do well, forget about the economy the population is shrinking but you can have an economy that does not do well but the companies do well that is a big difference and I think the Japanese banks are very depressed. All the banks in Asia have actually recovered very strongly but not the Japanese banks so as a contrarian play I would look at that."


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