Sunday, June 2, 2013

Marc Faber : I bought some Swiss Insurance Stocks after the crisis in 2009

Barron's : Does Europe interest you from an investment perspective?
Marc Faber : I wasn't optimistic for a long time, although I bought some Swiss insurance stocks after the crisis in 2009. Then, last May, I took another look, as sentiment was so negative. The S&P had doubled from its 2009 lows, yet many markets in Europe were at or below their 2009 lows. Something was out of sync. For the first time in my life, I bought European shares, and I plan to buy more. - in Barron's


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