There are dark times awaiting us in the near future, according to Felix Zulauf. Riots in the streets, banks withholding your money, governments forbidding you from moving your money, these are some of the things that we can expect to come over us, predicted this world-renowned Swiss money manager.If that looks too dark for you, you will need to reconsider. According to Felix Zulauf, not only is it possible, it is highly probable. If these ideas were being put forward by anybody else, it would be easy to dismiss them as the fear mongering rantings of a perma-bear. However Felix Zulauf is anything but that. He is the former head of institutional portfolio management at the Union Bank of Switzerland (UBS) and a twenty year contributor to the Barrons Round table.
He called for the market to peak in late March of this year, and he called the March 2009 low. Clearly Felix Zulauf is no perma-bear, as he has demonstrated his ability to recognize when it's time to buy the market as well as when it's time to sell.
What Zulauf is suggesting is that, as things become worse and worse, the pool of available "good collateral" -- that is, financial instruments, such as bonds and stocks, where institutions can park their money in relative safety -- is going to shrink. In short, it’s time for cash and gold, Zulauf said.
Here you can read Felix Zulauf's Biography
Felix W. Zulauf is the owner and president of Zulauf Asset Management - Switzerland-based hedge fund that offers global advisory services. Zulauf is an independent investment manager seeking absolute return.
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