Middle East investors hear from #Mobius and #Faber
With the countdown to 13th annual Hedge Funds Middle East in full flow, we here in Dubai can’t help but keep up with the latest dialogue from our favorite market moguls.
So after a rather depressing week in the markets, stock brokers snoozing their alarms and investors flocking to safe havens, are we close to seeing blue skies?
Here is a summary of Marc Faber’s latest predictions during his latest interview with the Barron’s Roundtable.
- Near term outlook: stock market is oversold
- The stock market may still drift lower
- Sovereign defaults, a dollar crisis, an escalation of Middle East unrest, renewed recession, a bust in China, aggression against Iraq are all possibilities
- Gold is likely to correct by about $100-$150 but slow accumulation is still recommended
Mark Mobius, of course believes investors have already begun to realise moving out of emerging markets was a mistake.
For more information and to hear 2012’s predictions in person visit Hedge Funds World Middle East 2012 or Middle East Investment Summit 2012. Both events will be co-located and opened by market guru’s Marc Faber and Mark Mobius on the 5-8th March 2012 in Dubai.