Tuesday, July 10, 2012

Marc Faber: The European Banks Are Sick

Marc Faber :" ...If you put one or a hundred sick banks in a union it does not change the fact that they are sick , in my view the markets are rallying because they were grossly oversold and when markets are grossly oversold especially markets of Portugal Spain Italy France then any news that is not a disaster is propels stocks higher ..." says Marc Faber , publisher of the Gloom, Boom & Doom report, talks about his strategy for European stocks and the outlook for the EU debt crisis. Faber speaks with Betty Liu on Bloomberg Television's "In the Loop." (Source: Bloomberg)


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