The US market is likely to outperform the Emerging Markets in the foreseeable future

Marc Faber : Foreigners have been selling Indian shares, so there is a negative view about India at the present. In the world, the consensus amongst fund managers is that India is not perfect and the US market is relatively more attractive than other markets. So, the money flows into the US markets. Markets like India and China have grossly underperformed, but the other markets are down 20 per cent. In the case of India, the rupee is down at the same time, so we have a terrific underperformance here. Although it is true that the US market is likely to outperform the emerging markets in the foreseeable future, it doesn’t mean the US market would go up much. Secondly, I would rather wait for a buying opportunity in India and other emerging economies that may arise in 2012. - in NDTV