Tuesday, January 21, 2014

What does Marc Faber think of the markets now?

Famous contrarian investor Marc Faber has shared his views on where the stock markets are going in 2014 in an interview with CNBC on Dec 19. The key summary:


  •  The S&P 500 won’t surpass its November 19, 2013, high of 1,813. We know that the S&P has since surpassed its high of 1813.
  • Shares, Twitter, Netflix, and Veeva Systems are “grossly overvalued,” and shorting a basket of these stocks will return at least 30 percent next year. I do believe that US stocks is overvalued. That is why I am shorting Twitter. It remains to be seen, however, if this pans out.
  •  Physical precious metals, gold shares, and Vietnamese stocks are “buys”. I am not so sure about this. Normally, a rising interest rate and strong US-dollar environment is not good for gold
Let's see out of the remaining two predictions. Which one/s will Faber get right?

No comments:

Post a Comment