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Marc Faber Tells CNBC What He Sees in Store for 2013

January 10, 2013 | About:
A recap of Faber's comments:

- 2013 will be full of negative surprises for investors.

- The only equity markets he likes are Japan, China and Vietnam because they have performed so badly in recent years.

- Downside to the U.S. market in Faber's mind is 20% and the selling could be triggered by poor earnings and tax increases, as well as political turmoil globally.

- He thinks bonds could rally somewhat, but thinks we have seen the lows in interest rates.

- The credit rating in the U.S. will deteriorate, and he would not touch U.S. Treasuries.

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Rating: 3.1/5 (11 votes)


Downwardog - 2 years ago
Bad news on my front door step. I couldn't take one more step. Bye Bye mrs. American pie.

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