Marc Faber News Blog Investments and Trading Ideas - A Tracking Blog About Dr. Gloom Boom & Doom Marc Faber , Daily Tracking of Dr. Marc Faber Investment Strategy , Market analysis , Outlook & Media appearances
Monday, January 27, 2014
Faber buys 10 year Treasuries
Ten-year and 30-year
yields eventually will be much higher. But I bought some 10-year
Treasuries when the yield rose to 3%, because in the near term, yields
could retreat to 2.5% or 2.2% or even 2%.
The economic recovery is
in its fifth year. On March 6, the bull market in stocks will be five
years old. That's long, by historical standards. Sometime this year, the
stock market could see a big tumble, as in 1987. Then the long bond
will rally and reward Bill Gross.
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.