Latest Marc Faber insights on Bloomberg TV:
- The S&P may decline to about 750 and probablyrebound after July.
- Global stock markets are unlikely to fall below their October and November lows.
- Commodity stocks have risen too sharply and are no longer attractive buys.
- Asian stocks are a much better value than US stocks.
- The US dollar may weaken, so investors should buy the currencies of Canada, Australia and Singapore.
- Bonds are entering a long bear market and should be avoided.
- Gold will be “dead money” for the next three to six months, but he plans to buy more gold if prices drop to between $750 and $800 an ounce.
Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world. Dr. Doom also trades currencies and commodity futures like Gold and Oil.
