I will Make more Money in Emerging Markets than the U.S. in the next 10 Years

 "I think that I will make more money in emerging markets than the U.S. in the next 10 years," he said.

But when it comes to safety, large-cap U.S. names are the place to be, Faber advised.

"I was recently at a dinner, and someone said, 'Where are you going to hide when disaster strikes?' I think in blue chip stocks, you will lose less money than in sovereign bonds," he said.

Faber, then, is merely taking his bearish thesis about global assets to its logical extension, by reasoning that in a serious meltdown, richly priced fixed income equities are liable to lose more value than big stocks.

In other words, this is not a turnaround for the investor after his years of issuing dire warnings about the market.

"Actually, I have to tell you, I'm even more bearish that I was at the time!"




Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.Dr. Doom also trades currencies and commodity futures like Gold and Oil.