“Dr Doom” Marc Faber: 2012 could see a major low in emerging stock markets

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In an interview on CNBC-TV18, Marc Faber, editor and publisher of The Gloom Boom & Doom Report,  said although there could initially be some further weakness in emerging economies against the U.S. market, he expected a major low in emerging stock markets later this year. “I think we should invest in the U.S.; I say maybe that’s correct for the next three months or so but I would rather be looking at an entry point in [stock] markets like India over the next six to nine months,” he said.

Click here for an edited transcript of the interview.

Source: CNBC-TV18 and YouTube, January 2, 2012.

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