Stocks measured by price earning ratios may not be quite that cheap as all the strategists claim

Marc Faber : The concept of valuation is very difficult when you have zero interest rates I can make a case that actually the price of Gold is still undervalued compared to say the mid 1980s when it was trading around 400 dollars , so it is very difficult to say what is valued in this environment , is a Picasso a good value or is it overvalued I do not know, but stocks measured by price earning ratios and considering that probably the economy will b weakening and that corporate profit may disappoint , may not be quite that cheap as all the strategists claim- in FOX Business News