Marc Faber: Last year, Singapore real estate investment trusts (REITs) went up by 40%, and they are up higher this year. But I don't think that they are the greatest bargain at the moment. Right now, high dividend-yielding stocks are moving up hugely.
My sense is that we are in a market similar to the Nasdaq 100 between November 1999 and March 2000 when it rose past 100%, or the oil price between February 2008 and July 2008 when it shot up 70%. When there is upside acceleration, it's a bad time to buy. Is it a good time to short? Yes, if you have deep pockets, maybe it's a good time to short the equity markets. But who knows? - in The Aureport
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