Wednesday, May 16, 2012

Marc Faber : Global markets to rally if Greece exits Eurozone

Marc Faber, Editor and Publisher of 'The Gloom, Boom & Doom Report', shares his views on how the global markets are going to perform ahead. "Markets are down because of the economic slowdown in China; they will rally if Greece exits the Eurozone," he said. As far as India's equity market is concerned, he said that the Sensex may bottom-out at the 12000-15000 level. "Rupee seems to be oversold in the near term," he added.

Marc Faber also known as Dr. Doom, is a successful hedge fund managers from Hong Kong.He made his name By the predicting of the Japan-slump, the stock market crash of 1987, the Asian crisis and the bursting of the technology bubble in 2000 . He is publisher of the Gloom Boom & Doom Report. He managed funds valued at approximately $ 300 million. In this interview, he does not stint on criticism against the financial system and also brings other very interesting statements.


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