Renowned investor Marc Faber predicts a rebound in equities. He points that equities are oversold, probably more oversold than the crash in 1987. Cash and treasuries relative performance will go down since these are overbought.
Marc Faber has an excellent track record in making long term predictions. Back several years ago, he predicted Citibank to touch the $1 per share mark (Citibank right now is $4 per share and heading lower)
Sunday, November 23, 2008
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