Saturday, March 11, 2017

This is Where Marc Faber is Hiding his Assets

So where’s Faber hiding out from the storm? He thinks Chinese stocks will continue to perform on solid economic growth and higher earnings. Chinese shares listed in Hong Kong have performed fantastically since the start of the year, returning about 10%. “The economy, surprisingly, has begun to do quite well,” says Faber of the Middle Kingdom. Still, global investors are mostly underweight China. The MSCI China index, which tracks the biggest Chinese stocks listed in Hong Kong and the U.S., trades at about 12 times prospective earnings. That’s much cheaper than the 18 times forward earnings large- and mid-cap stocks in the U.S. currently fetch from investors.

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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.

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