Marc Faber: I think that there is a chance that when equity markets sell off there will be a flight into quality away from risk and that treasuries could benefit. So I am buying 10 year treasuries, or I bought them when the yield was around 3 per cent in the belief that if stock markets go down they will rally. And secondly, if the yield of the 10-year treasury should rise to about 4/4.5 per cent I think it would knock off stock markets. - in Finance News Network Australia
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.