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’Marc Faber on why equities are better than ‘safe assets’
Marc Faber, publisher of the Gloom, Boom and Doom report, tells Bloomberg TV on Friday (our emphasis):
I wouldn’t say they are particularly attractive but, look, I am in Switzerland at the moment. The 10 Year government bond yields is 0.7% and you can buy quality companies and they have a dividend yield of maybe 3%.
Kiss of death for gold?
This was the gold price on Wednesday:
To describe the move as “tanking” — we think — is fair.
It comes just days after the GLD gold trust officially dethroned the SPY (S&P 500) fund as the largest ETF by market value.
Kroeber to Faber: China is very big, Marc…
One of the most hotly debated topics among emerging markets watchers is China’s economic direction – both in the long and short-term.
Indeed, says Hong Kong-based research house Gavekal in a Wednesday note,
Asia bungees off Europe’s bailout
While Europe’s markets threw themselves into a dead wolf bounce on news of the EU’s bailout on Monday, traders around Asia were contemplating the day’s gains in regional markets.
In a wave of what some fear could be misplaced optimism following overnight news of Europe’s massive rescue plan,
Shock! Jim Rogers didn’t say sterling shall collapse!
INVESTOR IMPERSONATION *ALERT*
On Thursday the outspoken bow-tied investor was quoted in a press release for something called the Global Financial Trading Day Seminar. The release, for those who’ve forgotten already,
CLSA revives Tokyo’s ‘high touch town’
Who said Tokyo, as an investor destination, had lost its mojo?
At least, this week, as Asia-focused brokerage and investment firm CLSA kicked off its 7th annual Japan Forum at the Grand Hyatt hotel in central Tokyo,
China: ‘It’s simply because people are rich now’
How does this headline, from Thursday’s FT . . .
China lending and property prices surge
. . . square with this one, also from the FT, less than three weeks earlier:
China tells banks to halt lending
Of course,
Faber lashes out — again
After his recent and widely disseminated quip on CNBC that “Obama makes Bush look like a genius”, Marc Faber is now offering some insights into how the US can get out of its “debt trap”.
In his latest GloomBoomDoom market commentary,
Bonds are bad, says Dr Doom
Marc Faber’s latest Gloomboomdoom newsletter — as readable as ever — has turned up on the internet.
We can report that Mr Faber is somewhat puzzled that, so far in 2009, ordinary investors having been doing what they always do — namely buying high and selling cheap.
Faber on China: Still right after all these years…
Love him or hate him – his utterings on markets and investment in general frequently generate controversy - Marc (aka “Dr Doom”) Faber is often proved right. In quite a few decades of punditry, Faber has called US recessions,
Inflationistas, deflationistas and Goldilockeans
The inflation vs deflation debate rages on. To help FT Alphaville readers, we’ve compiled a handy-list of what we’re calling inflationistas — those who are publicly betting on high or even hyper-inflation,
Market sentiment: Faber et al take on ‘green shoot ennui’
After end-of-the-world swine flu hysteria momentarily transfixed investors, sentiment appears to be shifting. The pundits are back out in droves – many predicting a robust comeback for stocks or, at the very least,
Bottoms, markets and Dr Doom
As a growing number pundits call the bottom for equities, the latest market watcher to weigh in with the suggestion that stock markets are oversold is Marc (aka Dr Doom) Faber. We won’t go into detail (as subscribers to his monthly newsletter tend to get upset if we do),
Dr Doom: On volatility — and gold, gold, gold
Days after Marc Faber (aka Dr Doom) advised “every American to hold his gold outside of the United States” – see the commentary and video at Credit Writedowns – he comes back into the issue of the yellow metal in his latest client newsletter,
Pink Picks: Expert views of financial crises and bailout machinations
Comment, analysis and other offerings from Wednesday’s FT,
The experts’ view: Faber, Draaisma, Roche, Paulsen, Bond, Wieting
After the collapse of the US bail-out plan in Washington, six experts take stock and look at the implications.
Dr Doom on oversold equities markets, commodity cycles and making money
Marc (Dr Doom) Faber marvels in his latest market commentary for clients at the number of analysts and strategists who have issued buy recommendations on financial stocks for the last nine months. AIG was a great buy at $70,
Dr Doom: watch for EM breakdown, blame the Fed and buy gold
From an intraday low at 1,370 on August 16, the S&P 500 rallied by more than 100 points to a recent high at 1,479. Coming from a deeply over-sold condition the rally was not surprising but disappointing,
Dr Doom: Marc Faber on whether to buy or sell amidst the ‘rot and leverage’
By popular demand from his band of gloomboomdoom.com subscribers, Marc Faber (aka Dr Doom) has weighed in with an update between his usual monthly commentaries to opine on the state of asset markets – and resists the urge to say “I told you so”
Dr Doom on stock markets, the Hindenburg Omen and what next
Marc Faber, aka Dr Doom, notes that Michael Kahn, who writes technical comments for Barron’s, recently highlighted the fact that according to the Hindenburg Omen [see explanation below], the US stock market had given several strong sell signals in July.