Doom, gloom, greed & fear: What markets should expect next

Some thoughts from Marc Faber on the dollar and equity markets from the FT.

Another reason for near term-caution, in Faber’s view, is the increasing likelihood of a US dollar rebound. As of last week, he notes, the net number of contracts speculators held betting on a decline versus a rise in the value of the dollar against currencies traded on the CME was nearing extremes, which in the past was associated with at least a temporary US dollar rebound. And since US dollar weakness accompanied the stock market rally since early March, dollar strength is likely to occur simultaneously with a stock market correction.

Moonwalking with Faber

Comments from Marc Faber at the AsianInvestor Investment Forum.

Marc Faber thinks there are opportunities in Asian healthcare, in banks in countries like Thailand (where the Lehman structured note salesmen found the people too unsophisticated to buy their product), tourism, and naturally gold. On the property side, he recommends avoiding condos in financial centres and buying farmland.

Marc Faber on Korea, Natural Gas, Hyperinflation

Interview with the Korea Times. He touches on the usual, however has some interesting thoughts on natural gas:

As for investors interested in commodities, the Swiss-born investment advisor said natural gas would be his best pick, adding crude oil prices will undergo corrections in the coming months. ``Natural gas is cheap, compared to crude oil. I would buy natural gas. Oil was traded as low as $32 per barrel late last year but has jumped to $72. From a pure demand and supply perspective, the demand from both advanced and emerging economies is not strong. But in the long-term, prices will be much higher than now,'' he said.

I'll go on record and say I wouldn't be buying natural gas (and certainly not UNG) until we get through September/October and see that containment isn't an issue.

Faber Banging the Drum again on Hyperinflation (and Gold , of Course)