Faber : I don't believe that stocks are going down because of Greece

Marc Faber: Greece Is Basically Bankrupt , Gloom, Boom & Doom Report Editor Marc Faber weighs in on the Greek crisis. He speaks on “Market Makers.” (Source: Bloomberg)
“I don't believe that stocks are going down because of Greece,” he said in an interview with Bloomberg Television. “I believe that the market has been weakening internally for a long time." When asked about the situation in Greece, Faber said he saw a Greece agreement happening at the last minute. “But I don't think that's any positive because Greece is basically bankrupt,” he told Bloomberg TV. “The debt should be written down by 50% or more.”





Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.Dr. Doom also trades currencies and commodity futures like Gold and Oil.