Marc Faber :.."....well I think from here onward stocks will move very selectively I happen to like energy because if the economy surprises on the upside demand will pick up , in actual facts the demand in developed countries has picked up and in emerging economies it continues to go up " "I think in a, let's say Goldilocks outlook, you have to own some oil,If you're very bearish about the world, it's a nightmare scenario in the Middle East and I don't think that Saudi Arabia can affect production shortfalls of Libya and Saudi Arabia itself is very vulnerable and so I would say under any scenario, I would own some oil and energy shares , but they have rallied a lot and they are overdue for a correction "...etc...
Marc Faber said not to buy a house because it will appreciate, but if you really like the house. To acquire a house you need to balance out how you best you can acquire it. If you have no savings, don't have a high income, then a affordable mortgage is paramount. So a modest income owner must decide when the time is ripe, where the balance of asset price versus acquisition is reasonable. I do agree housing still has some downside 10 to 20%. Personally I would wait it little longer.
Contrarian Investor Dr.Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.
Jim Rogers : California is More Communist than China
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Jim Rogers : Markets can go higher than you think , and they can fall
further than you can imagine
Jim Rogers : Markets can go higher than you think , a...
4 years ago