CNBC-TV18 interviews Dr. Marc Faber (gloom, boom and doom report)
Q: You sounded a bit cautious of late. Tactically, are you expecting a phase of risk-off in global markets anytime soon?
A: We had a huge rally since November and it has basically begun in
March 2009 for most markets. I think that the markets are getting very
frothy at present and whether this is approaching a longer term top or
whether we have just a short-term peak, the correction remains to be
seen. But, in general, I would be careful of buying indiscriminately in
this market.
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