Marc Faber : in a Bubble everybody will be right and wrong at some point

Marc Faber : we have had bubble economies for the last fifteen years first the NASDAQ bubble then the housing bubble then we had the commodities bubble in 2008 then we had emerging markets bubble and so forth ...and in a Bubble everybody will be right and wrong at some point in other words the bulls on equities they have been wrong essentially since 2007 but one day they'll be right and the bears on bonds have been wrong but at some point they will be right because interest rate at some point will rise again so this is a very challenging investment environment where you can't be overly dogmatic in other words from time to time you have to make major allocation shifts or you take the view that we all don't know what the future holds and then you diversify with some money in gold and some money in bonds and some money in stocks and some money in real estate - in The Money and Wealth Show
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