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Dr Doom transforms into a China bull

Investment guru Marc Faber eschewed his ultra-bearish mantra for once, saying he expects China's stock market to regain momentum despite a hefty slowdown in economic growth.
Dr Doom transforms into a China bull
Investment guru Marc Faber is known as Dr Doom for his tendency to be ultra-bearish about everything. But he is bullish about China's stock market. “I don’t think it will make new lows,” Faber said, referring to China’s benchmark index. The CSI300 index declined to 3,205 on August 26, 44% below it's June 8 high of 5,353.7. Faber's argument that the CSI300 would resume its climb is based on a belief that China's notoriously fickle retail investors will return to the market given …
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