Marc Faber : ...In my view the markets are rallying because they were grossly oversold and when markets are grossly oversold especially markets of Portugal , Spain Italy France then any news that it is not a disaster news propels stocks higher " says Marc Faber adding that what Europe did is just a cosmetic fix that does not solve the long term problems of over indebtedness in the Eurozone , " ...in Portugal Spain Italy and France the markets are either at the lowest of March 2009 or lower and along with that companies and the banks also reasonably good companies have been dragged down and so I see value in equities regardless if the Eurozone stays or is abandoned
