Marc Faber outlook for Emerging Markets

Marc Faber : There is close correlation between all markets in the world. This year, the U.S. has grossly outperformed the emerging markets In Asia, we're down between 15% and 25% in markets. In Eastern Europe, even more. The U.S. this year is a wonderful market relative to the rest of the world. " "I think this out performance may go on for a while. Some emerging markets could rebound more strongly than the U.S. because they are more oversold. Like India, the currency is down 18% since July and the market is down 22%. Currency adjusted, the market has been extremely weak and is oversold. It could rebound somewhat here, but forget about new highs. It's not going to happen anytime soon. - in Bloomberg TV Interview
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