Monday, August 13, 2012

Avoiding Philippines, Indonesian Stocks; Buying European stocks

On Phillipines and Indonesian stocks
“I don’t think there is particularly good value at present time. He says the Chinese slowdown and European recession will make it difficult for Asian nations to grow from present levels.
Will the Chinese be able to stimulate consumption? Faber says it depends on consumer confidence, which he does not think is very high.

For the first time in his life, Faber says he has been buying European stocks.

Marc Faber is a famous contrarian investor and the publisher of the Gloom Boom & Doom Report newsletter.