|Marc Faber on Investing Opportunities for the Short-to-Intermediate Term|
|Bloomberg, Mike Shedlock, 25/01/2011 (traduire en Français )|
Points Faber Emphasized
Obama has done a horrible job and that will continue. He is intellectually dishonest and nothing has changed.
I do not have a high regard for politicians, I have a high regard for people who work, not for those who abuse the system.
Obama came in on a platform of wanting to change government in Washington and actually he has made it worse.
In terms of investments, emerging markets and industrial commodities have done fantastically well. Now we have a change, the US may outperform, it may not go up but it may outperform on a relative basis.
Treasuries may do well for the next few months.
China stock market is giving a signal that something is not right in the Chinese economy.
Right now, shift out of emerging markets as they may correct 20-30%, out of industrial commodities, and into US equities on a relative basis.
Sentiment is overly optimist on the inflation trade like commodities, and overly negative about treasury bonds.
As of tonight I have a buy signal on US treasuries, but not for the long term. The rally may last 2-3 months.
Treasuries may be the best place for the next three months as is the US Dollar.
Look for a correction of 10% in US equities and 20-30% in emerging markets.
It is not a group of thinkers in Davos, but a group of liars.
Gold may correct over the near term.
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