Marc Faber sees 20–30% correction in emerging markets

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Marc Faber, author of the Gloom Boom & Doom Report, is not expecting emerging markets to perform well over the next six months. As a matter of fact, he sees a 20–30% correction as quite likely. (PduP: China, India and Brazil are already down by 8.1%, 5.4% and 6.9% respectively since their November highs.)

Source: CNBC-TV18 (via YouTube), December 9, 2010 (hat tip: Financial Doom Blog).

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