"I think 2009 was an extraordinary year for capital gains because both commodities and stocks became extremely oversold. I think 2010 is a year when capital preservation will be more important because I expect a lot of volatility up and down.
My feeling is that the US market will outperform emerging economies in the first six months of 2010. It remains to be seen whether that will be in a context in which markets continue to move up or because emerging markets will give up their gains faster than the US.
In the short term, US Treasurys are oversold because many investors have negative sentiments regarding the US bond market, while stocks are overbought. I believe that we could have a rebound in Treasurys for, say, one to three months. But longer term, Treasurys prices are likely to come down." in CNBC video interview, January 30
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.
