Saturday, October 5, 2013

Singapore REITs went up by 40% last Year & they are up Higher this Year

TGR: Last time we chatted, you talked about the attractiveness of Asian equities with dividend yields of 4–7%. What are some examples of paid-to-wait equity sectors?

Marc Faber : Last year, Singapore real estate investment trusts (REITs) went up by 40%, and they are up higher this year. But I don't think that they are the greatest bargain at the moment. Right now, high dividend-yielding stocks are moving up hugely. My sense is that we are in a market similar to the NASDAQ 100 between November 1999 and March 2000 when it rose past 100%, or the oil price between February 2008 and July 2008 when it shot up 70%. When there is upside acceleration, it's a bad time to buy. Is it a good time to short? Yes, if you have deep pockets, maybe it's a good time to short the equity markets. But who knows?

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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