Saturday, August 11, 2012

Marc Faber outlook for India

Q: How about India which is pretty much in the same kind of description that you outlined which is that macro is weak, fundamentals are not great, but liquidity is keeping stock prices higher. Do you see it continuing that way in the foreseeable future?

Marc Faber : Yes, I think we can also rebound here somewhat. But I would use essentially strength in Asian emerging markets that have actually and India is not in that category, but say Indonesia, Philippines, Thailand have performed very well over the last 12 months. So I would use strength here as an opportunity to lighten up on positions. But it all depends on each individual investor. If someone has all his money in equities I would be aggressive seller at this level and on any rebound and if someone has only 20% in equities I wouldn’t worry about that. My approach is to have a diversified portfolio at this stage. - in CNBC TV18
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Labels:Marc Faber Dr. Doom

Dr. Marc Faber Tomorrow's Gold







Dr Marc Faber was born in Zurich, Switzerland. He went to school in Geneva and Zurich and finished high school with the Matura. He studied Economics at the University of Zurich and, at the age of 24, obtained a PhD in Economics magna cum laude. Between 1970 and 1978, Dr Faber worked for White Weld & Company Limited in New York, Zurich and Hong Kong. Since 1973, he has lived in Hong Kong. From 1978 to February 1990, he was the Managing Director of Drexel Burnham Lambert (HK) Ltd. In June 1990, he set up his own business, which acts as an investment advisor and fund manager.