Marc Faber, Editor and Publisher of 'The Gloom, Boom & Doom Report', shares his views on how the global markets are going to perform ahead. "Markets are down because of the economic slowdown in China; they will rally if Greece exits the Eurozone," he said. As far as India's equity market is concerned, he said that the Sensex may bottom-out at the 12000-15000 level. "Rupee seems to be oversold in the near term," he added.
Marc Faber also known as Dr. Doom, is a successful hedge fund managers
from Hong Kong.He made his name By the predicting of the Japan-slump, the stock
market crash of 1987, the Asian crisis and the bursting of the
technology bubble in 2000 . He is publisher of the
Gloom Boom & Doom Report. He managed funds valued at
approximately $ 300 million. In this interview, he does not stint on
criticism against the financial system and also brings other very
interesting statements.
Wednesday, May 16, 2012
Marc Faber : A Rebound in non-Financial Stocks is coming
Marc Faber : “If someone really wanted to take speculative positions, he should look to quality non-financial stocks in countries such as Spain, Italy, France, Greece, and so forth,”
“ I think a rebound is coming,” Mr. Faber told Bloomberg Television on Monday.
“ I think a rebound is coming,” Mr. Faber told Bloomberg Television on Monday.
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