"As you know, I have been quite positive in stocks, especially in emerging economies for the last 12 months. I think great valuations are no longer available today the way they were available a year ago. I think that the markets have obviously less upside potential going forward. Now, can we go up another 10% before we get a more meaningful correction or not....we will know it, I guess soon. But I would rather be lightning up on positions on the next couple of weeks then buying right in here."
in Yahoo Finance
Related ETFs: SPDR S&P 500 ETF (Public, NYSE:SPY), ProShares UltraShort S&P500 (ETF) (Public, NYSE:SDS), Shares UltraShort QQQ (ETF) (Public, NYSE:QID), ProShares Ultra QQQ (ETF) (Public, NYSE:QLD)
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.
