“I see emerging markets as an asset class, but you have to look at individual markets and economies,” he explained to a crowd of about 2,000 advisors and others at the industry event in Hollywood, Florida.
“Some did exceedingly well from the ‘09 low to the ’14 high. There was some consolidation in 2015. So be selective,” Faber said.
While this group has “grossly underperformed the U.S. since 2011,” it could outperform the U.S. in the next bull market “which you are really have to be an optimist to think that is coming anytime soon,” he adds. “But when it happens, emerging markets should outperform the U.S., where valuations are high.” - in thinkadvisor.com
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.
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