Marc Faber : I would rather Invest in the Emerging Markets today than in the US

ET Now: What is your take on fund flows and how do you think global liquidity would really impact emerging markets? 

Marc Faber: We have diverging performances. The US market has been very strong, as you know, whereby the majority of stocks are no longer making new highs, but we have a very strong index. We are up three times from the lows in 2009. So we have gone up pretty much in a straight line.
We are going to blow ourselves out in the US and then a more meaningful decline will follow in the fall of this year. Regarding other markets around the world, I find better value in European stocks and in emerging markets there is quite good value, though not perfect value, because the valuations are also up. But in general, I would rather invest in the emerging markets today than in the US. - in ET Now

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.