Wednesday, February 13, 2013

Video : Marc Faber Global equities may see 10% correction ahead

CNBC-TV18 interviews Dr. Marc Faber (gloom, boom and doom report)

Q: You sounded a bit cautious of late. Tactically, are you expecting a phase of risk-off in global markets anytime soon?

A: We had a huge rally since November and it has basically begun in March 2009 for most markets. I think that the markets are getting very frothy at present and whether this is approaching a longer term top or whether we have just a short-term peak, the correction remains to be seen. But, in general, I would be careful of buying indiscriminately in this market.


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