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Saturday, February 22, 2014
The Indian Market is still down about 40% from the peak
In dollar terms, the Indian market is still down about 40% from the peak, because the currency has weakened.
In the 1970s, stock
market indexes performed poorly and stock-picking came to the fore. Asia
could be like that now. It is a huge region, and you have to invest by
company. Some Indian companies will do well, and others poorly. Some
people made 40% on their investments in China last year, but the
benchmark index did poorly.
Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.Dr. Doom also trades currencies and commodity futures like Gold and Oil.