BUY China, EMERGING markets OVER 2 YEARS

Mịa , đúng là phải phong Tarzan làm Marc Faber của Việt Nam thôi.

Bổ sung cho bác Tarzan nhé

Buy China, Emerging Markets Over 2 Years, Faber Says (Update1)
By Bernard Lo and Chen Shiyin

March 16 (Bloomberg) -- China and other emerging markets offer value over the next two years as growth picks up, investor Marc Faber said.

Investors should buy stocks and other assets in China after the market falls to its 2008 low to profit from an expected recovery, Faber said in an interview with Bloomberg Television. China is the world?Ts best-performing stock market this year.

?oRapidly growing countries have setbacks from time to time,? Faber, the publisher of the Gloom, Boom & Doom report, said in Hong Kong. ?oI think we?Tre going to test the lows again, but over the next two years, it?Ts probably a good time to invest.?

The MSCI World Index has retreated 18 percent this year, extending last year?Ts record 42 percent slump, amid concern the widening financial crisis and global recession will sap corporate profits. The Shanghai Composite Index, which tracks the larger of China?Ts two mainland exchanges, has gained 16 percent in 2009.

China is betting that a 4 trillion yuan ($585 billion) stimulus package and interest-rate cuts will help it reach its 8 percent growth target this year. The global economy is expected to expand at a 0.5 percent expansion, according to the International Monetary Fund.

Industrial and precious metals are attractive investments after the Reuters/Jefferies CRB Index of 19 commodities ?ocollapsed,? Faber added. The CRB Index has dropped 8 percent this year, adding to the 36 percent retreat in 2008.

?~Very, Very Inexpensive?T

?oAsset markets have already discounted a lot of the bad economic news,? he said. ?o Some assets like commodities are very, very inexpensive.?

Faber had advised buying gold at the start of its eight-year rally, when it traded for less than $300 an ounce. The metal topped $1,000 last year and traded at $932.78 an ounce today. He also told investors to bail out of U.S. stocks a week before the so-called Black Monday crash in 1987, according to his Web site.

He continues to favor gold, which has gained 19 percent in the past six months because currencies including the U.S. dollar are ?onot desirable.?

Stock markets are ?onot particularly expensive? and investors should consider buying them in anticipation of a recovery, Faber advised. The MSCI global index is valued at 11 times reported earnings, half its 10-year average multiple of 22.

?oWe also have a lot of equities that are not particularly expensive because they?Tve collapsed,? Faber said. ?oThese are relatively sound companies and whenever the recovery will come, they will be in a strong position.?

To contact the reporter on this story: Bernard Lo in Hong Kong at blo2@bloomberg.net; Chen Shiyin in Singapore at schen37@bloomberg.net.

Last Updated: March 16, 2009 01:34 EDT