Marc Faber On Indian Equities
September 23, 2011 Leave a comment
Marc Faber, the author of The Gloom, Boom & Doom report, spoke recently to Bloomberg UTV on the Indian equities and the global headwinds. Here are the key pointers from the interview:
On Indian economy:
– 2008-like fall will send dollar higher, rupee lower
– Domestic consumption remains India’s biggest story
– Growth in rural areas, population key driver
On Indian equities:
– Difficult for Sensex to cross 21,000 in next 6 months
– Expect Sensex to fall 12000-15000 in near-term
– Don’t expect India to fall below 2008 levels – Markets got oversold in last 2 months
– Would accumulate Indian stocks on weakness
– May also look at investing in Indian banks
– Impossible for India to hit new high in next 6 months
– Banks continue to operate like hedge funds Read more of this post
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Here’s what wikipedia says about Porter Stansberry:
James Montier expounds The Seven Immutable Laws of Investing to help investors avoid some of the worst mistakes, which, when made, tend to lead them down the path of the permanent impairment of capital.They are as follows:
Here is a poem I came across in Napoleon Hill’s ‘Think and Grow Rich’.I think it is very good.I wish that I had somehow come across this poem years ago;sometime in middle school when we had to memorize so many poems.It would have saved me so many years and so much vain effort chasing perfection.I would have then concentrated on winning instead of trying to be most worthy of winning.BTW a bit of googling brought up the poet’s name Walter D. Wintle. 
wealthymatters 