By: Esteban. on Venerdì 09 Agosto 2013 21:09
Investment views
In 1980s
Faber is credited for advising his clients to get out of the stock market before the October 1987 crash.[12]
In 2000s
Faber predicted the rise of oil, precious metals, other commodities, emerging markets, and especially China in his book Tomorrow's Gold: Asia's Age of Discovery. He also correctly predicted the slide of the U.S. dollar since 2002.[13] He stated that there are few value investments available, except for farmland and real estate in some emerging markets like Russia, Paraguay, and Uruguay.[7] He believed in early 2007 that a major market correction was "imminent." (Fox News, 2-2007); however, by 5/2007 he was saying that U.S. equities were moderately overvalued — less so than those of emerging markets.
In a June 2008 interview with Bloomberg, he goes over his bearish views on a wide spectrum of investments: stocks, real estate and commodities. He is extremely critical of the Fed's inflationary actions. However, his views for the short-run were almost entirely deflationary except for holding precious metals; Faber still views hyperinflation as a certainty within the next 10 years. He also correctly expressed temporary bullishness for the U.S. dollar in the middle of 2008 before it dramatically recovered and positive expectations for holding the Japanese yen.[14] In December 2008, Faber said, "I think a recovery will not come in the next couple of years, maybe in five, ten years' time".[15]
On March 9, 2009, Faber correctly predicted a U.S. stock market bottom.
In 2010s[edit source | editbeta]
Correctly predicted markets in 2011 and 2012 as well including QE to infinity.[16]
On March 27, 2013 Faber said that the U.S. is creating nowhere-to-hide bubbles in many emerging economies such as Indonesia, the Philippines, Thailand (up four times from 2009 lows).[17]
http://en.wikipedia.org/wiki/Marc_Faber