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Wednesday, March 5, 2014
Market update March 2014
I do own some long-term
Treasuries because I believe that owning them is an inexpensive and
relatively low risk strategy for shorting the stock market.
However, since the
beginning of the year, both long-term Treasuries and most commodities
rebounded strongly. Long-term Treasuries are up 5%, gold is up 12%, and
the Junior Gold Mining Index (GDXJ) is up 52% from the late December
Also, as I explained in
previous reports, I would reduce my US equities positions altogether
because valuations (and profit margins) are stretched.
via - GloomBoomDoom.com
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.