Wednesday, November 20, 2013
[VIDEO] This is Where Marc Faber sees Opportunities
European equities are poised to outperform the U.S. market, Marc Faber of the Bloom Gloom & Doom Report says.
"At the present time, I think that Europe has had a very good move from the lows. It outperformed the U.S., and I would be a little bit careful to buy stocks indiscriminately at the present time because everything has moved up significantly. There's a lot of bullish sentiment," he said. "But in general, I like selected European companies because their business is international and their exposure to Europe is not all that large. Maybe 40 to 50 percent of their total sales are in Europe, and the rest is overseas.
Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.
Posted by Nicole Bourbaki