Wednesday, August 8, 2012
Marc Faber : European Shares are a Great Investment
Q: Do you think the euro has seen its low against the dollar for the near-term or do you see the weakness coming back there?
Marc Faber : Yes, for the near-term probably and probably for the wrong reasons. But the one thing I want to say about Europe, for the first time in my life I have been buying some European shares, because if you look at the markets of Portugal, Spain, Italy, France, Greece they are either below the 2009 lows that would be the equivalent on the S&P at 666 or they are approaching these lows. So you have a lot of reasonably good companies that are very, very inexpensive and as a contrarian I think that there is some value in some of these companies. - in CNBC TV18
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