Sunday, March 15, 2015
I would rather have Money in India than in the US in the next 5-10 years
“My sense is that if you look at the world, and if you break it down into the US, Europe and emerging economies, then the US market is the most expensive market,” Faber said “If you have to invest your money in the next 5-10 years, your choice is the US, Europe and, say, Asia and India, then I would say I would rather have money in India than in the US,” he said, adding that there is some concern around the valuation of Indian stocks. “I think the overall market in India is probably at that relatively high valuation because the blue-chips stocks like Nestle, they sell at close to 50 times earnings,” he said. “On the other hand, you have many sectors in the market that are not that expensive and where the shares may move up further in 2015.”
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.
Posted by Nicole Bourbaki