Sunday, October 28, 2012

Marc Faber Bullish on Japanese Equities as The Yen Begins to Weaken

ET Now: What regions are you seeing as the most and least attractive for investment right now?
Marc Faber: The Chinese economy is slowing down rapidly. In my opinion, it is not growing at any more than 4% now. The market was at 6000 in 2007, and today we are down to around 2000. Clearly, the market has already discounted a lot of bad news and if a junk country like Greece could rally from the lows of 65%, we can expect a trading rally in China of 20%-30% over the next four or five months. Additionally, the Japanese Yen has begun to weaken and that should be a positive trigger for Japanese equities.

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