Wednesday, July 9, 2014

Marc Faber : I would rather Invest in the Emerging Markets today than in the US

ET Now: What is your take on fund flows and how do you think global liquidity would really impact emerging markets? 

Marc Faber: We have diverging performances. The US market has been very strong, as you know, whereby the majority of stocks are no longer making new highs, but we have a very strong index. We are up three times from the lows in 2009. So we have gone up pretty much in a straight line.
We are going to blow ourselves out in the US and then a more meaningful decline will follow in the fall of this year. Regarding other markets around the world, I find better value in European stocks and in emerging markets there is quite good value, though not perfect value, because the valuations are also up. But in general, I would rather invest in the emerging markets today than in the US. - in ET Now

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.

1 comment:

  1. Surely uranium is worth a look long-term??


Dr. Marc Faber Tomorrow's Gold

Dr. Marc Faber author of the Gloom, Boom and Doom report is a world class Investor, Doctor Faber 's typically controversial and contrarian views have earned him the label of Dr. Doom. Doctor Doom also trades currencies and commodity futures like Gold Natural Gas and Crude Oil.Even his harshest critics must admit that he's been unerringly correct in his market forecasts over the past three decades . Marc Faber is a Swiss investor.He was born in Zurich, Switzerland. He went to school in Geneva and Zurich and finished high school with the Matura. He studied Economics at the University of Zurich and, at the age of 24, obtained a PhD in Economics magna cum laude. Between 1970 and 1978, Dr Faber worked for White Weld & Company Limited in New York, Zurich and Hong Kong. Since 1973, he has lived in Hong Kong. From 1978 to February 1990, he was the Managing Director of Drexel Burnham Lambert (HK) Ltd. In June 1990, he set up his own business, which acts as an investment advisor and fund manager. Faber is publisher of the Gloom Boom & Doom Report newsletter and is the director of Marc Faber Ltd which acts as an investment advisor and fund manager.