Tuesday, April 21, 2015
This is Marc Faber's Emerging Markets Strategy
About six months ago, we had recommended accumulating Chinese stocks. I think we had a big move in Chinese stocks though we are in a correction period now. Relatively speaking, emerging market stocks look okay. What is inexpensive at this point of time are Russian stocks and assets, precious metals, and mining stocks. I have mentioned in my previous interviews that if you put a gun on my head and say you have to invest for the next 10 years, I would invest in emerging economies rather than in the US. I think emerging markets are much better valued post the currency depreciation.
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