Monday, October 29, 2012

Marc Faber: I am not exactly a Prophet

ET Now: What do you see in terms of the returns on Indian equities over the next one or two years? Should investors adjust their return expectations?

Marc Faber: I am not exactly a prophet, but we have rallied strongly from the 2009 lows and the outlook for large capital gains at this level is very limited. The high in 2008 and the high last year was around 21000. I do not think we are going above 21000. I would rather expect the market to ease again from here.  - in ET Now

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