Monday, September 9, 2013
Not a lot of Money to be Made in Equities for the next 12 to 24 Months
"I don't think there's a lot of money to be made in equities for the next 12 to 24 months," Faber, also known as Dr. Doom, told CNBC. Marc Faber says stocks are tired, likes U.S. Treasurys “I don’t think that stocks are the greatest bargain anymore,”
In particular he said downbeat revenue guidance from IBM and HP suggest the outlook for tech and capital expenditures are “worse than it was six months ago.”
Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.
Posted by Biz TV