Thursday, July 17, 2014

Marc Faber sees Bubbles in IT Stocks & some Social Media Names

 ET Now: Do you see a bubble in some IT stocks, especially some social networking names?

 Marc Faber: Well, globally we have essentially euphoria in anything that is related to social media and the Internet. I am personally not so interested to invest in sectors that are popular and that sell at relatively high valuations. So it is that segment of the market I do not pay much attention to. I like to invest in value stocks. - in ET Now July 2014

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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