Marc Faber : You Should have 50 percent minimum of your money in Emerging Markets

Marc Faber : I buy Oil Stocks and Mining companies stocks - CNBC 17 March 2010

Marc Faber editor & publisher of the Gloom, Boom & Doom Report explains that he would buy oil stocks in companies like Exxon or Chevron because he believes that their stocks have corrected down and he believes that for the next six months the global economy may look some what better particularly compared to 2009 , march 2009 was about the bottom of the recession says Marc Faber and we are comparing now with a very low economic activity a year ago so the statistics may look some what better and if the western world recovers somewhat combined with the still rising demand in emerging economies I think the oil prices will rather go up than down , Marc Faber added
and therefore I believe that oil stocks can perform reasonably well by the way also mining companies ...
Regarding the emerging markets : Marc Faber says if you look at the world there are many statistics that will show you say car sales in the emerging markets are now larger than in the developed world , oil consumption in the emerging markets is larger than in the develloped world or semi conductors sales in asia ex japan is larger than in Europe the US and Japan combined , so these statistics show you that the goods markets are huge in the emerging economies by account that 80% of the world lives in emerging markets so you should have 50 percent of your money minimum in emerging economies Marc Faber explains..