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Old 3rd July 2007, 08:20 AM
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Investment guru Marc Faber bearish on US bonds, positive on commodities.

http://www.bloomberg.com/avp/avp.htm...YbMUXzXOBg.asf

A long interview, but worth listening, logical one, considering most analysts on Bloomberg are crap and biased, many making silly predictions earlier this year like oil prices falling and gold prices going up!!

http://en.wikipedia.org/wiki/Marc_faber

Quote:
Dr. Faber is famous for advising his clients to get out of the stock market one week before the October 1987 crash.

He currently believes that a major market correction is "imminent." (Fox News, 2-2007)

A lot of people say that he gets the trend right, but the timing wrong. The prime example was his calling Nasdaq top and advising commodities and gold in 1999. His call was very accurate but 1 year early. He lost money shorting US stocks since 1999. Now he admits that market timing is very difficult. His market advice since 2000 is quite accurate and he predicted rise of oil, precious metals, other commodities, emerging markets and especially China. He also correctly predicted slide of US dollar (since 2002) and the 5/06 and 2/07 mini-corrections. Now (5/2007), he is saying that the US equities are moderately overvalued but less so than the emerging markets. He states that there are few value investments available now, except for farmland and real estate in some emerging markets like Argentina and Vietnam.
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