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Marc Faber on European Stocks, Investment Strategy

July 02, 2012 | About:
Dheeraj Grover

Dheeraj Grover

18 followers
Marc Faber, publisher of the Gloom, Boom & Doom report, talks about his strategy for European stocks and the outlook for the EU debt crisis

He said markets are so oversold that any glimmer of hope from Europe will rally the markets and that is what happened on Friday. EU summit provided a cosmetic fix and do not provide any fix to long term fundarmental problems EU is suffering. It forces German savers to bailout the spenders in Spain,

portugal and Greece who are living beyond their means.

He also said Putting all the banks in the union does not change the fact that all those banks are sick. He said Germany should exit Euro even if it will be a costly move.

Here is the video:






About the author:

Dheeraj Grover
I am an individual investor with deep interest in the field of value investing. My ideas and thinking is inspired by highly respected value investors like Ben Graham, Warren Buffett, Walter Schloss, Bill Ruane and Tweedy Browne

Rating: 3.5/5 (2 votes)

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