Wednesday, September 12, 2012

Marc Faber : European Markets may correct by 10-20%

Marc Faber : "Currently I am quite negative about equities for the next three months. I am not saying that they will collapse but I think the markets will go down. I will add to my positions when the markets correct here.I think they could easily correct in Europe by ten / twenty percent from the recent highs that we had " - in CNBC India

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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.