Marc Faber outlook for the Emerging Markets EMs

Marc Faber :"....All EMs have significantly outperformed the US and Japan over the last two years or so. Now with monetary conditions tightening somewhat in the world, we see interest rates going up everywhere. We could have a period of under-performance. The news about emerging economies has been very favorable. To a large extent, these favorable economic developments have already been discounted by the stock markets."
via www.moneycontrol.com Dec 10, 2010