“Valuations are not as cheap as they used to be; a 20 to 30 percent correction won’t be unusual. The markets don’t keep going up in a straight line.
Even if interest rates go up somewhat, it won’t be disastrous for Indian stocks. In the long-term, it remains very attractive because of the domestic consumption play.”
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.
