Stocks markets all over the world are currently overbought, and emerging market stocks, which have had a strong start to the year, will be the most vulnerable when the correction comes, Marc Faber, the editor of the Gloom Boom & Doom Report, told CNBC.
"Last year, emerging markets and Europe grossly underperformed the U.S. - say in the case of India by 40 percent," Faber told Bernie Lo on CNBC's Straight Talk show said. "So from the lows in November, the emerging markets have now outperformed the U.S."
According to Faber that outperformance may continue for a bit longer. "Now I think the markets are overbought and a correction is coming very soon." Despite that, Faber said he liked stocks in Malaysia, Singapore and Thailand because some of them paid a dividend of around five percent…
Want to know more? Check out http://www.cnbc.com/id/46425213
No comments:
Post a Comment