HONG KONG (MarketWatch) -- Famed contrarian investor Marc Faber, better known by his self-appointed nickname "Dr Doom," has temporarily shed his preference for emerging-market stocks for two out-of-favor asset classes: large-cap U.S. industrial and technology shares.
According to IDEX, the prices of 1.5 and 2 carat diamonds fell below their prices of a year ago for the first time in recent history. In my way of thinking that is probably because the bull market in stocks, bonds and real estate that started in 1982 might finally be coming to an end. IDEX apparently found that U.S. jewellers are concerned that softening jewellery demand is a leading indicator for U.S. economic growth.
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