Tracking Dr. Marc Faber of The Gloom Boom and Doom report , Marc Faber nicknamed Doctor Doom , a world class investor and a regular speaker at various investment seminars, Dr Marc Faber is well known for his "contrarian" investment approach.
Marc Faber Cash and Bonds are the worst investments, Oct 23, 2009
Contrarian Investor Dr.Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.
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.
