Monday, September 9, 2013

Marc Faber says Indian stocks are in buying range

Dr Faber on his blog says that Indian stocks are in buying range.

In my view, there has been a huge correction in Indonesia and Thailand from the recent highs. The market is down by around 30-35% from the April-May high, but following a rebound, we will see further weakness.

Indian stocks, because of the currency weakness, have already experienced a very substantial bear market. It may last a little longer, but we surely are coming into a buying range.


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