Marc Faber spend yesterday talking to both CNBC and Bloomberg
Marc Faber for me have always been pretty over the top. Headline grabbing. But listen to what he says carefully and you find that he does spot bullish intermediate change in trend pretty well.
- Market not oversold anymore
- Earnings may disappoint
- Stocks could go up but not as powerful as Q1
- Contrarian indicators such as short position are very shallow
- 6 months you can buy the market much cheaper
- QE3 need to be greater than QE1 and 2
- He called to increase position in Oct/Nov but not to short, just reduce position
- Gold correction may not be over
- You depend on price appreciation not cash flow for gold. He still stick to his emerging market stocks
Marc Faber’s CNBC interview can be viewed here
Kyith is the Owner and Sole Writer behind Investment Moats. Readers tune in to Investment Moats to learn and build stronger, firmer wealth foundations, how to have a Passive investment strategy, know more about investing in REITs and the nuts and bolts of Active Investing.
Readers also follow Kyith to learn how to plan well for Financial Security and Financial Independence.
Kyith worked as an IT operations engineer from 2004 to 2019. Currently, he works as a Senior Solutions Specialist in Fee-only Wealth Advisory firm Providend.
You can view Kyith's current portfolio here, which uses his Free Google Stock Portfolio Tracker.
His investment broker of choice is Interactive Brokers, which allows him to invest in securities from different exchanges all over the world, at very low commission rates, without custodian fees, near spot currency rates.
You can read more about Kyith here.
matt
Wednesday 4th of April 2012
I thought the most interesting comment (at the end of his Bloomberg interview) was that only in Asia (particularly in Singapore), can he find decent dividend paying equity names that he'd buy - like those you follow in your dividend tracker.
Drizzt
Wednesday 4th of April 2012
hi matt,
thanks. but even then the stocks on my dividend tracker have not expanded their earnings. we will have to wait for further impertus
Ray
Tuesday 3rd of April 2012
Thanks for the summary