Marc Faber : US Stocks to Fall This Year

Marc Faber Expects U.S. Stocks to Fall This Year | Marc Faber on Bloomberg 22 Feb 2010

Feb. 22 (Bloomberg) -- Marc Faber, the publisher of the Gloom, Boom & Doom report, talks with Bloomberg's Mike Firn about his forecast for U.S. stocks.

Faber, speaking in Tokyo, also discusses Federal Reserve monetary policy, the price of gold, and the outlook for China, India and Japan's economies and equity markets. (Source: Bloomberg)

Dr. Marc Faber also known as Dr Doom is an investment adviser, investment analyst and fund manager author and publisher of the Gloom Boom & Doom Report ,and the author of "Tomorrows Gold" . Dr Faber is known for his contrarian investment approach. Dr Marc Faber is associated with a variety of funds and is a member of the Board of Directors of numerous companies.
In 1987 he warned his clients to cash out before Black Monday on Wall Street. He made them handsome profits by forecasting the burst in the Japanese Bubble in 1990. He correctly predicted the collapse in US gaming stocks in 1993; and he foresaw the Asia-Pacific financial crisis of 1997/98 and the resulting global volatility. Dr Doom motto is "Follow the course opposite to custom and you will almost be right"
Mr. Faber is also the author of several books, including Tomorrow’s Gold – Asia’s Age of Discovery, and is a director of Ivanhoe Mines Ltd. , a mining firm focused on the Asia Pacific region. He is also an adviser to a number of private investment funds.