Wednesday, March 26, 2014
I will make more Money by Buying now in the Emerging Economies than in the US
In a recent "Squawk Box" interview to CNBC, the publisher of "The Gloom, Boom & Doom Report" had cautioned investors that the long-running bull market in US stocks runs the risk of ending badly. "Usually these long bull markets, they end badly," he said, pointing to the 1987 crash and the significant declines in 2000 and 2007. Speaking about EMs, he had then said that while it might be too early to buy some of the beaten-down emerging markets at these levels, investors can make money in the longer-term. "I think I can make the case that over the next five to 10 years, I will make more money by buying now in the emerging economies than in the US." - in MoneyControl
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.
Posted by Nicole Bourbaki