Tuesday, October 29, 2013
Marc Faber recently bought Swiss Banks, the first Banks he has bought in Europe.
‘I think that everything is bad in Europe economically,’ he said. ‘But all you have to do as an investor today in this money printing environment is to ask what investors are going to do – and international investors are turning to Europe.’
‘I don’t think financials are themselves that attractive – I just think the Swiss banks will go up because everyone else thinks they will go up.’ - in Citywire
Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.