Thursday, September 6, 2012

Marc Faber : European Stocks Could Correct Up to 20%

Marc Faber : “I think European markets could easily correct 10 to 20 percent from the recent highs that we have had, but I don’t envision new lows,” Faber told CNBC Asia’s “I bought some shares in Portugal, Spain, Italy, and France, and after I bought them in the last three to four months, the market rallied strongly,” he said.
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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.