I could make more Money buying Emerging Economies now

"I think you need to be fearful lets say, if you take the view of the next 5 year to 10 years, you take the valuations of the US equities and emerging economies, then I think, I could make the case that over the next 5 to 10 years, that I could make more money buying emerging economies now than in the US. Having said that I think its too early to make a major commitment to the emerging stock markets. In general I think its too early to do it, they can still decline." -  in CNBC



Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.Dr. Doom also trades currencies and commodity futures like Gold and Oil.