CNBC-TV18 : You have described two scenarios. One is a correction now and then maybe a grind of a year and the other one was a rally into summer and then a bigger correction. Which one would you assign a higher probability to?
Marc Faber: If we had a very strong
rally into the summer, as was the case in 1987, I would not then look
for a correction. But, I would look for a very significant market
decline to follow. However, the more likely scenario is in my view a
strong rally into the summer. First, there will be a correction, then
this rally and then a more significant top in 2013 which will not be
exceeded for a while. - in CNBC-TV18