Friday, October 4, 2013

Since November The Japanese Market has Outperformed just about Everything

TGR: You have talked about Asian markets where good opportunities still exist. How does Japan's quantitative easing impact those stocks?

Marc Faber : Since the November lows, the Japanese market is up over 70% in yen terms and up 35% in dollar terms, so it has outperformed just about everything. My sense is that whereas many markets like the U.S. are closer to major highs, which may come this year, the Japanese markets, after 23 years of bear markets, saw their historic lows at the end of last year. The Japanese market was long overdue for a correction, which is now underway, but I do not expect new lows. - in a recent interview with The Gold Report

Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.


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