Marc Faber THEY WILL BANKRUPT THE WORLD Latest Updates JANUARY 2017
Faber said emerging markets, in the red since Election Day, could be a golden opportunity in the new year. He particularly likes Brazilian and Russian stocks, which have been "very miserable performers since 2011."
"I think that in 2017 my recommendation would be to overweight emerging economies, and I would also overweight Europe, partly because I think that the sentiment about the U.S. dollar is far too optimistic. I think the dollar is terribly overbought and overvalued, so I wouldn't get into the U.S. dollar at this time," Faber said.
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.