'I would not be surprised if the early August highs were actually the high for the year.'
Real estate is a major asset in India and it will be a "big scene" in the next 20-30 years, says investment guru Marc Faber.
I still hold 25 per cent in equities, says Marc Faber.
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
'Right now, silver -- and especially platinum -- are very cheap compared to gold. If I were buying today, I would choose platinum.'
Investment guru visualises the emergence of a pan-Asian currency on the lines of the euro, though not in the near future.
My expectation is for the present downturn to last for between one and three months, says the investment guru.
Here are three ways you can use your emotional intelligence while investing in stock markets:
India should revamp its bureaucracy and speed up decision-making process if it has to attain an annual growth rate of 12-15 per cent per annum, global investment advisor, Marc Faber, said on Wednesday.
While India remains the largest consumer of gold ahead of China, our citizens unlike the Chinese are yet to start any meaningful diversion of their assets in the bullion to protect themselves against inflation
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.
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.
'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.'
From lack of big reforms to regressive tax policies, the Modi govt has surrendered its initial momentum, says Shishir Asthana.
'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!'
FIIs have offloaded stocks worth Rs 13,110 crore
This weakness is likely to continue in the near-term.
Slowdown persists in China. India's GDP estimates for 2015-16 are liable to be pared; projections for 2016-17 are lacklustre.
After one year in power, Prime Minister Narendra Modi is pretty much on the back foot, even if he continues to display bravado in his public pronouncements. He knows within his heart that he has wasted a lot of his political capital without getting much in return, says M K Venu.
Rajan tells RBI colleagues he will be returning to academics