Monday, Jan 15, 2007
Dr Doom says it's time to cash up now
New Zealand Herald: Dr Doom says it's time to cash up now
Marc Faber, who predicted the US stock market crash in 1987, said global assets are poised for a "severe correction" and it's time to sell.
"In the next few months, we could get a severe correction in all asset markets," Faber said in an interview with Bloomberg Television in New York.
Posted by anthony ashwin @ 08:30 AM (162 views) Add Comment
1 Comment
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1. sold 2 rent 1 said...
It might take up to 9 months before the sell off happens.
I've adjusted my portfolio to be precious metals (mainly gold and silver), energy, and some japanese shares.