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An Unofficial Tracking Blog of World Famous Financial Gurus.

This blog tracks famous financial gurus' market commentary, investment ideas, video interviews and media appearances.

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Friday 29 November 2013

Marc Faber : In India you either get a Strong Currency and a weak Stock Market or a Weak Currency and the Strong Stock Market

09:37    No comments

It is true that the market in local currency is at the relatively elevated level, but not in the US dollar terms. In the US dollar terms, we are still down something like 40% from the peak a few years ago. So I always argue, in India what you get is either a strong currency and a weak stock market or a weak currency and the strong stock market because they adjust to each other. My feeling is that the market may still go up somewhat. I think compared to, say, Chinese .. 

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