Thursday, February 10, 2011

Bearish On Emerging Markets; Crude to move higher!

Bearish On Emerging Markets

"Faber remains very bearish on emerging markets in general (Brazil, India, etc). He notes that many failed to make new highs in January, despite favorable market conditions, which could indicate a major top in some emerging markets. Faber thinks emerging markets could fall between 20-30%. In fact, this would be a great buying opportunity for investors." - in iStockAnalyst, from the Gloom, Boom & Doom Report

Crude Oil Likely To Move Higher

"I think oil is likely to move higher for a variety of reasons" - in Bloomberg

Related ETFs and stocks: United States Oil Fund LP (ETF) (NYSE:USO) , iPath S&P GSCI Crude Oil Total Return (NYSE:OIL) , Energy Select Sector SPDR (ETF) (NYSE:XLE) , Exxon Mobil Corporation (NYSE:XOM) , ConocoPhillips (Public, NYSE:COP) , Marathon Oil Corporation (NYSE:MRO), Hess Corp. (NYSE:HES) , Petroleo Brasileiro SA (ADR) (NYSE:PBR) 

Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.