Marc Faber June 2009: Stocks to Buy On a Correction
In his June 2009 Gloom Boom Doom report, Dr. Marc Faber suggested we may see a correction into late June, and possibly even longer, as financial markets in the US give back some of the gains since the March 6 lows.
I would, therefore, use any setback in asset markets (commodities and stocks) as an opportunity to accumulate the equities and funds I mentioned in last month’s GBD report.
Recommendations in the December 2008 and May 2009 GBD report include, but are not limited to, the following:
BHP Billiton (BHP)
Rio Tinto (RTP)
Natural Gas via First Trust ISE Revere Natural Gas Index Fund (FCG)
Financial Bull 3x Shares (FAS)
Freeport McMoran (FCX)
MSCI Emerging Market ETF (EEM)
Take careful consideration before entering positions in these investments:
Marc Faber: I would only buy most of these recommendations on a correction, ideally on a significant correction. (May 2009 GBD, p. 10,11)
Source: Marc Faber’s Gloom Boom Doom Report (May, June 2009)
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Date: June 16th, 2009
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