I think that there isn’t much upside potential in Treasurys unless it’s for the short term. But if I look 10 years ahead, where do I want to have my money, then certainly not in US Treasuries.
In 1999 and 2000, foreigners bought the Nasdaq and what happened afterwards was a major collapse. I would not look at foreign buying as a very intelligent leading indicator.
I'll rather buy an asset class, whatever it is, that has been in a bear market for 10 or 19 years.
Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.
