17 February, 2012

A Correction Is Coming Very Soon

"Last year, emerging markets and Europe grossly underperformed the U.S. - say in the case of India by 40 percent. So from the lows in November, the emerging markets have now outperformed the United States.

Now I think the markets are overbought and a correction is coming very soon. - in CNBC

Related, iShares MSCI Emerging Markets Index ETF (EEM), ProShares UltraShort S&P500 ETF (SDS)

Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.