My expectation is for the present downturn to last for between one and three months, says the investment guru.
Marc Faber, legendary contrarian investor and author of The Gloom, Boom & Doom Report, talks to Jitendra Gupta on recent market correction, road ahead for Indian markets, global economic recovery and whether there is a bubble in China or not.
My view is that they can probably muddle through for another two-three years by piling up the fiscal deficit or printing more money. I do not know when it will happen in 2012 or in 2018, but the next crisis will be worse than the one in 2008.
Here are three ways you can use your emotional intelligence while investing in stock markets:
'For someone who wants to invest for the future or his family, diversification is necessary.' 'Diversify across asset classes -- equities, gold, real estate, fixed income, commodities, and even cryptocurrency.'
'If one believes that the Indian stock market will go up 70 per cent every year for the next 10 years, I wish you good luck!'
This weakness is likely to continue in the near-term.
With the frontline Indian benchmark indices trading near all-time highs ahead of the general elections that begin later this week, Marc Faber, Editor and Publisher of "The Gloom, Boom & Doom Report" tells Puneet Wadhwa that the Indian stock market is relatively expensive, especially the index (large-cap) stocks.
As global markets near all-time highs driven by liquidity, Marc Faber suggests most asset prices worldwide are inflated.
Slow pace of reforms in India is disappointing: Faber