Friday, March 28, 2014

Faber : Some Stocks are not terribly expensive and some Stocks are very expensive

 Marc Faber says: “If you look at the entire market, some stocks are not terribly expensive and some stocks are very expensive. It’s like in year 2000, not every stock was overpriced. At that time, the NASDAQ was grossly overvalued but, say, resource shares and so-called ‘old economy’ companies were relatively inexpensive or absolutely cheap. In the present instance, I think that stocks like Facebook Inc (NASDAQ:FB), Tesla Motors Inc (NASDAQ:TSLA), Twitter Inc (NYSE:TWTR), Netflix, Inc. (NASDAQ:NFLX), [and] Veeva Systems are grossly overvalued and that the basket of shorts in these stocks will return you at least 30% next year.”





Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.Dr. Doom also trades currencies and commodity futures like Gold and Oil.

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