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Friday, August 5, 2011

Markets extremely oversold - Bloomberg Video Interview

Marc Faber Interview on Global Financial Markets : Marc Faber, publisher of the Gloom, Boom & Doom report, talks about global financial markets. Faber also discusses Federal Reserve monetary policy. He speaks from Zurich Switzerland about the DOW plunging 500 points

Marc Faber : ...I am telling you the world is mad the investors they do not understand that markets are volatile and that they have to be prepared to see stocks dropping 30 percent annually and rally 20 percent and then dropp 30 percent that should be the pattern and whoever can't live with that he shouldn't be buying anything at all

Contrarian Investor Dr.Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.

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