Marc Faber : Markets Oversold Especially in Europe

Friday, July 6, 2012

Marc Faber : Markets Oversold Especially in Europe

Q: What did you read first of the kind of reaction global equities had to the Euro Summit and the notes that came in from there?
Marc Faber : To start with, I think markets were oversold especially in Europe. When there was moderate good news, there was a lot of European short covering and a lot of stock rebounded by 5-7% in just one day. - in CNBC TV 18 interview
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Dr. Marc Faber Tomorrow's Gold

Dr Marc Faber was born in Zurich, Switzerland. He went to school in Geneva and Zurich and finished high school with the Matura. He studied Economics at the University of Zurich and, at the age of 24, obtained a PhD in Economics magna cum laude. Between 1970 and 1978, Dr Faber worked for White Weld & Company Limited in New York, Zurich and Hong Kong. Since 1973, he has lived in Hong Kong. From 1978 to February 1990, he was the Managing Director of Drexel Burnham Lambert (HK) Ltd. In June 1990, he set up his own business, which acts as an investment advisor and fund manager.