Sunday, June 15, 2014

Marc Faber : India to outperform Global Equities next 6-12 Months

Marc Faber said his outlook on the Indian market has turned more bullish than what he was a while back.
 He has been accumulating India for a while and although he doesn’t believe that this is a multi-year bull run for Indian equities, he does believe that India will outperform other global equities for the next six-12 months.
 “We don’t know whether this will be a multi-year bull market or whether much of improvement in prices since the lows late last year are essentially already discounting a lot of the good things that could happen. We don’t know whether they will happen but they could happen,” he told CNBC-TV18.
He also says that he has been accumulating India and specifically has been grossly overweight on Indian banks. He believes that in 2014 banks is the place to be despite the run up that we have already seen.
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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.

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Dr. Marc Faber Tomorrow's Gold

Dr. Marc Faber author of the Gloom, Boom and Doom report is a world class Investor, Doctor Faber 's typically controversial and contrarian views have earned him the label of Dr. Doom. Doctor Doom also trades currencies and commodity futures like Gold Natural Gas and Crude Oil.Even his harshest critics must admit that he's been unerringly correct in his market forecasts over the past three decades . Marc Faber is a Swiss investor.He was born in Zurich, Switzerland. He went to school in Geneva and Zurich and finished high school with the Matura. He studied Economics at the University of Zurich and, at the age of 24, obtained a PhD in Economics magna cum laude. Between 1970 and 1978, Dr Faber worked for White Weld & Company Limited in New York, Zurich and Hong Kong. Since 1973, he has lived in Hong Kong. From 1978 to February 1990, he was the Managing Director of Drexel Burnham Lambert (HK) Ltd. In June 1990, he set up his own business, which acts as an investment advisor and fund manager. Faber is publisher of the Gloom Boom & Doom Report newsletter and is the director of Marc Faber Ltd which acts as an investment advisor and fund manager.