Friday, March 13, 2015

YIKES Marc 'Dr. Doom' Faber Turns Bullish on Blue Chip Stocks

 "If I take a 10-year view, I think I will make more money in blue chip stocks," Faber said Thursday on CNBC's "Futures Now."

"I was recently at a dinner, and someone said, 'Where are you going to hide when disaster strikes?' I think in blue chip stocks, you will lose less money than in sovereign bonds,"  he said.

I think we are in a boom phase of the Fed's money manipulation and thus the US stock market will be generally strong, but I am not being an aggressive buyer of stocks across the board. In the EPJ Daily Alert, I am advising that blue chip stocks be bought in the oil and gold sectors.

This is  a very tricky market, it is just too dangerous to be buying Blue Chips across the board.



  1. Faber will be right. Armstrong has the DOW at possible 32K by 2017 as people flee the public debt market into the private assets. Armstrong's ECM shows Confidence in Govt collapses Oct 1, 2015. Let the games finally begin.

  2. Asset bubbles everywhere you look.

    I don't think there is an asset class on the planet that is reflecting true supply and demand. Price discovery has been obliterated by the central banks.

    There is really nowhere to hide from their criminal actions. The reset that is coming is going to be a once in a lifetime event - and not in a good way.

  3. "Price discovery has been obliterated by central banks."
    I agree, so where to invest to take advantage? The dollar has been on a tear.