March 16, 2012

Marc Faber: Equities might correct

Right now, for the next one or two months, I don't think that stocks will go up a lot.
I personally think they will correct.

But long term, I still like Asia. My concern is if the Chinese economy slows down meaningfully that we could have economic weakness spreading around Asia as well, as well as in countries that supply commodities to China, like Australia, Brazil, Argentina, and so forth.

Right now, say for the next two months, I'm very cautious. - in a recent interview with

Marc Faber is a great contrarian investor and publisher of the Gloom Boom & Doom Report. He is well known for his accurace predictions of stock market crashes and other correct calls on different investment assets.