CNBC-TV18: Do you think this correction might be equal for markets across the world? The criticism of the Indian market right now is that it was one of the biggest outperformer last year, which is why it perhaps looks more vulnerable this year?
Marc Faber : In general, I would be
careful of markets that have performed superbly last year such as Turkey
and Thailand. They are in my opinion, becoming slowly overheated. I am
not so sure to what extend India is overheated because currency
adjusted, we are still way below the peak in 2007.
But, in general I would argue you should buy equities when everything
looks horrible and when investors cannot see why the markets would go
down. That is the time to be careful because there is always something
that will happen to send stock prices down. - in CNBC-TV18