European Shares : I don't expect New Lows

Marc Faber : " I want to put this view in the context of having bought European shares in Portugal, Spain, Italy and France for the first time in my life three and four months ago, right at the lows. and now these markets have rallied between 20 and 30% in a very brief period of time. I'm not selling them, but i said when i was asked would you buy more, i said, no. i want to wait for the market to settle down once again and then they asked me by how much. i said, maybe the correction could be 20%. but i said i don't expect new lows. in CNBC Squawk Master 06 Sept 2012
Click here to watch the full interview>>>>>>>