Wednesday, June 11, 2008

Marc Faber: Oil, Stocks, Real Estate Are Overvalued

The Big Picture has the Bloomberg video.


"Stocks, property and commodities are overvalued as an economic slowdown and inflation will curb earnings growth and erode the value of assets, investor Marc Faber said.

Oil may have peaked after a 43 percent increase this year, said Faber, the Gloom, Boom & Doom report publisher, in a Bloomberg Television interview today. He said he favors the dollar against the euro, as well as gold....MORE