Marc Faber shares his latest outlook on an interview with CNBC Asia in this interview. He believes both the gold and equity markets are currently oversold, and is considering adding to his gold position – but is holding off on equities until they drop below the 1100 mark on the S&P 500. (Note this was before today’s big rally).
Faber believes the Asian markets are quite vulnerable in the near term, but he still likes the Asia growth story over the long term.
Hat tip Gary for sending this interview along!