Friday, December 9, 2011

Marc Faber's Outlook: "It's Actually Quite Gloomy"

From Bloomberg via Insider Monkey:
Marc Faber, the famous Investor and the writer of “The Gloom Boom & Doom Report”, shared his outlook for equities and his investment strategy on Bloomberg.

“It’s actually quite gloomy but if you’re very gloomy what do you invest in: 

Treasuries, Italian bonds or commodities or equities?  I happen to think U.S. equities are not terribly expensive, so relatively speaking to other assets, they may for a while actually do quite well.” Faber said, “but if there is some good news coming out of Europe, and good news would simply mean postponing the problems for another few years with some kind of money printing operation, either by that ECB or IMF or EFSF, that lift stock prices higher.”...MORE