Marc Faber 2010 Stock Market 20% Plunge and U.S. Treasuries Bear Market
Stock-Markets / Financial Markets 2010 Jan 01, 2010 - 04:56 PM GMTBy: Submissions
CNBC writes: Apocalypse aficionado Marc Faber was on CNBC today talking about his house on the beach in Vietnam, among other things. Key points included:
-A stronger dollar will be positive for equities based on historical market data.
-The U.S. market will outperform emerging markets for the first half of 2010.
-Stocks and associated indices may have 10-20% correction, followed by another rally.
-The worst thing you can do for a long-term buy is purchase Treasuries.
-The private sector is de-leveraging while the government levers up. This process is expected to continue.
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