Sunday, June 1, 2014

Marc Faber Market Commentary June 2014 Gloom Boom Doom

I continue to believe that the future returns from asset markets will likely disappoint most investors. It should be clear that the higher bonds and stocks move up the lower the future returns will be. 

As mentioned, I hold Ten-year Treasuries, but with a yield of less than 2.5%, the best I am hoping for is to lose less money than in US stocks. 

I believe that emerging markets are reasonably priced – certainly compared to US equities – but they have not reached completely distressed levels where I would make a major commitment.