Faber Says Oil, Stocks, Real Estate Are Overvalued

Wednesday, June 11, 2008 | 03:30 AM

click for video

Faber

Excerpt:

"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.    

      

"I don't see any compelling value in equities, real estate or commodities,'' Faber said from Zurich. ``Contrary to the last 25 years, we are in a period of de-leveraging. Corporate profits in particular are still far too high for 2009 and have to be adjusted downwards, and valuations become less compelling.''

    


Source:

Stocks, Real Estate and Oil Are Overvalued, Marc Faber Says
Carol Massar and Alexis Xydias
BLOOMBERG, June 9 2008
http://www.bloomberg.com/apps/news?pid=newsarchive&sid=a6vr3uRGjrvw

Wednesday, June 11, 2008 | 03:30 AM | Permalink | Comments (16) | TrackBack (0)
de.li.cious add to de.li.cious | digg digg this! | technorati add to technorati | email email this post

bn-image

TrackBack

TrackBack URL for this entry:
https://www.typepad.com/services/trackback/6a00d8341c52a953ef00e5532d7ead8833

Listed below are links to weblogs that reference Faber Says Oil, Stocks, Real Estate Are Overvalued:

Comments

WOW ...looks like Bloomberg can't HANDLE THE TRUTH!

This guy sounded spot on to me, but he started talking badly about Bernanke towards the end and they conveniently ran out of time!

He also mentioned things like ...how can I buy Citi Group when I have no clue what they are really worth! :)

Great clip Barry ...thanks!

Posted by: Jim | Jun 11, 2008 4:18:06 AM

The comments to this entry are closed.



Recent Posts

December 2008
Sun Mon Tue Wed Thu Fri Sat
  1 2 3 4 5 6
7 8 9 10 11 12 13
14 15 16 17 18 19 20
21 22 23 24 25 26 27
28 29 30 31      

Archives

Complete Archives List

Blogroll

Blogroll

Category Cloud

On the Nightstand

On the Nightstand

 Subscribe in a reader

Get The Big Picture!
Enter your email address:


Read our privacy policy

Essays & Effluvia

The Apprenticed Investor

Apprenticed Investor

About Me

About Me
email me

Favorite Posts

Tools and Feeds

AddThis Social Bookmark Button

Add to Google Reader or Homepage

Subscribe to The Big Picture

Powered by FeedBurner

Add to Technorati Favorites

FeedBurner


My Wishlist

Worth Perusing

Worth Perusing

mp3s Spinning

MP3s Spinning

My Photo

Disclaimer

Disclaimer

Odds & Ends

Site by Moxie Design Studios™

FeedBurner