Global Financial Collapse in The Next 3 - 9 Months

Marc Faber : I personally think that for the next three to six-nine months, equity markets will rather go down than up and a better buying opportunity will occur at some point in this period over the next nine months. - in India Economic Times

Contrarian Investor Dr.Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.

European Markets Could Easily Correct 10 To 20 Percent From The Recent Highs

Marc Faber : I think European markets could easily correct 10 to 20 percent from the recent highs that we have had, but I don’t envision new lows. I bought some shares in Portugal, Spain, Italy, and France, and after I bought them in the last three to four months, the market rallied strongly. I am negative on equities for the next three months, I’m not saying they will collapse but they will go down and I will add to my positions when the market corrects here. - in Squawk Box CNBC Asia

Contrarian Investor Dr.Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.

European Equity Markets Safer Than Bank Deposits

Marc Faber : Also if you are an investor in one of these countries (Italy and Spain), what are you going to be more comfortable holding — the deposits in one of your banks or equities? So, I think a lot of money is flowing into these equity markets because the perception is that they are safer than bank deposits. - in Squawk Box CNBC Asia

Contrarian Investor Dr.Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.