Thursday, September 6, 2012

Marc Faber : I am negative on Equities for the next three months

Marc Faber : “I am negative on equities for the next three months, I’m not saying they will collapse but they will go down and I will add to my positions when the market corrects here.” “In the worst case scenario that the euro collapses and Spain and Italy for example exit the euro zone, the markets of these countries will adjust to the upside,” - in CNBC Asia
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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.