Indian Stocks May Fall 30% on Valuation, Faber Says
“Valuations are not as cheap as they used to be; a 20 to 30 percent correction won’t be unusual,” economist Marc Faber, editor and publisher of the Gloom, Boom & Doom Report, said in a press conference in Mumbai today 17 Dec 2009. “The markets don’t keep going up in a straight line.” He added..source Bloomberg
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Dr. Marc Faber also known as Dr Doom is an investment advisor, investment analyst and fund manager author and publisher of the Gloom Boom & Doom Report . Dr Faber is known for his contrarian investment approach. Dr Marc Faber is associated with a variety of funds and is a member of the Board of Directors of numerous companies.
he became well known for advising his clients to get out of the stock market one week before the October 1987 crash. Dr Doom motto is "Follow the course opposite to custom and you will almost be right"
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