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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