Dr. Marc Faber, the Swiss fund manager and publisher of the Gloom, Boom and Doom Report always enjoys illuminating the Wall St. talking heads and displaying his awesome command of numbers, dates and predictions.
The Fed's 'tapering' comments have ramped up market volatility and Faber gives some advice for short and long-term strategies. For example: "The best course of action is to actually not buy anything, but rather to reduce positions on a rebound," Faber said: Also, "New highs in emerging markets and in high yield bonds are out of the question, and if it happened in the S&P, which I don't believe, it would be driven by very few stocks. Longer term, the market is far from oversold. It still has considerable downside risk everywhere," he said.
Finally, buy more gold......he is.
- Source, The Market Oracle:
Contrarian Investor Dr.Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.
