Marc Faber : I think in general the stock market tends to rise into elections and that is the pattern in India. The question really is this, we have had very strong performance in the US and disappointing result in 2013 adjusted for the currency weakness in all emerging economies, not just India. 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 3-5 years than it has been in the past 3-5 years, so I think that there will be still be some disappointment. - in CNBC TV 18
Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.