"Stock market outlook: Faber is still cautious on equities, believing that a more significant market correction is around the corner. However, shorts should beware because they are fighting the Federal Reserve. If you have to be in the market, stick to consumer staples like Altria Group Inc (MO), Johnson & Johnson (JNJ), Coca Cola (KO), Procter & Gamble (PG), etc.
For the ultimate contrarian investor, take a look at some select housing stocks (Toll Brother (TOL), Lennar Corp. (LEN), KB Home (KBH)), but only if you have a high risk tolerance." - a Gloom, Boom & Doom snapshot, in iStockAnalyst
Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.
