Video: Marc Faber on Bloomberg (5/8/11) - 'As of today, the markets are extremely oversold' part of Marc Faber

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Last mentioned in Zurich : Switzerland

Marc Faber, born February 28, 1946, is a Swiss investor. Faber was born in Zürich and schooled in Geneva, Switzerland, where he raced for the Swiss National Ski Team. He studied Economics...

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Marc Faber on Bloomberg (5/8/11) - 'As of today, the markets are extremely oversold'

Marc Faber of www.gloomboomdoom.com was interviewed on Bloomberg Tv on 5th August 2011. He mentioned that the current leg down is not really a major market selloff. That being said, he also said that 'whereby as of today, the markets are extremely oversold'. He thinks that there could be a 'snap back' rally that does not register a new high (on the major US equity indices). Moreover, he can already 'smell QE3'! For contrarian insights into markets & political economy, see http .
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