Now we have a very large valuation discrepancy between the US and the emerging markets. So what you buy today - Do you continue to buy the US that may still rise or do you gradually move to emerging economies? I think it is too late to buy the US and it is probably too early to make a major commitment into emerging economy stock markets, because the growth in emerging economies will be slower in the next 3 to 5 years than it has been in the past 3 to 5 years, so I think that there will be still be some disappointment.
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| Marc Faber |
Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.
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