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Monday, August 18, 2014

Market Collapse is next instead of a correction

I still hold 10-year Treasuries notes. I'm not of the view that it's a good investment. They are yielding 2.6% at the present time for 10 years so the maximum you can earn is 2.6% for the next ten years. I think it's a disastrous investment but maybe other investments like the S&P, the NASDAQ, the Russell 2000 are even worse and so I hold some 10-year Treasury notes as a hedge against the market decline.
I've been predicting – wrongly so, I admit – a correction for a long time. But now I don't believe there will be a correction. Next train station is a collapse.

Contrarian Investor Dr.Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.


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