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.
I do own some long-term
Treasuries because I believe that owning them is an inexpensive and
relatively low risk strategy for shorting the stock market.
However, since the
beginning of the year, both long-term Treasuries and most commodities
rebounded strongly. Long-term Treasuries are up 5%, gold is up 12%, and
the Junior Gold Mining Index (GDXJ) is up 52% from the late December
2013 low. Also, as I explained in
previous reports, I would reduce my US equities positions altogether
because valuations (and profit margins) are stretched.
via - GloomBoomDoom.com
Contrarian Investor Dr.Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.