Go to links

Tuesday, December 29, 2009

Marc Faber is bearish on Treasuries and cash

And bullish on equities?
Investors need to be “very careful” holding U.S. Treasuries and cash, and U.S. stocks will rally as Federal Reserve Chairman Ben S. Bernanke and his colleagues may have to print more money to help the government finance its debts, said Faber.

The Standard & Poor’s 500 Index “could go up 200 percent if it prints enough,” Faber said. “The worst investment, in the long run, will be U.S. Treasuries, and cash which has no return at present. This is the one reason that I am moderately positive about equities is that this money goes into leverage plays.”
--from "Marc Faber Says Dollar May Rise 5-10% Versus Euro (Update1)" by Deirdre Bolton and Ye Xie


Post a Comment

Links to this post:

Create a Link

<< Home