asleeper

Marc Faber on the Economy, Gold, WWIII

Bookmark this video and refer to it frequently in coming months. Lots of good investment advice in it. Market hit an interim bottom in Nov., rallied in December. Rose a little too fast in early Jan., and is now correcting. After correcting in Jan/Feb, market will likely rally in March/April. Sell in May and go away. The market after that will likely be a tough one and hard to predict for many years.

Focus on beaten down issues or market leaders that will emerge unimpaired as Jim Rogers also says. The world will continue to need base metals, food, oil, coal, bulk cargo shippers, semiconductors, etc. Be selective. Pay attention to timing, market psychology, Government and banking actions as well as stock-picking fundamentals. Stay on top of the news. In other words, it's still a battle for investment survival out there as it always has been.

My one word of caution is that although Asian market prices are tempting, beware of individual stocks. Stick with funds, ETFs, and companies with excellent reputations. As corrupt as individual American companies can be, foreign companies can be even worse and even less transparent.

My worst losses in the market have been complete blindsides by individual companies hiding bad news. Intel may be OK, but below that level, due diligence may not be enough.