Marc Faber on Facebook LinkedIn & Tech Stocks

Dr. Marc Faber commenting about the LinkedIn IPO : "I think it's another bubble you understand concept stocks , yes it is a business but it is a business you can enter in relatively easily so I thing there will be a lot of competition ... I always had an account at Facebook and so forth but I think eventually people got tired of it (of Facebook) i do not think it will go bust bust , but every technology company in the imagination phase is doing well and after when they have to deliver earnings then the PEs go down and so forth I am not saying that they all go bust but I think they are all fully valued and I personally would not buy them but I would not have bought a lot of the tech stocks that went up so I man i am the model example for picking tech stocks well...- in Bloomberg TV