Marc Faber: European Stocks a Great Investment Now

Sunday, August 12, 2012

Marc Faber: European Stocks a Great Investment Now

Marc Faber: ...what have happened is now the US market relatively high with 1400 and we were in June 4th at 1266 and the low last October 1074 so we had a very strong rally whereas in Italy Portugal France Spain Greece the markets are near the 2009 low that would be equivalent on the S&P 666 or they are below these low and so for the first time in my life I have been buying some European shares ...

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.