Marc Faber broader call for emerging markets for 2011

Marc Faber :"...Yes, they will go down first and then we will have to see what happens thereafter. We live in a very volatile environment and that we have to take step by step. There are no points to predict where the markets will be in a year's time. From this level, we will move in a trading range. I do not think we will make a new low below the March 2009 low, which was below 9000, but equally I do not think we will go up substantially. ...."
via ET Now

Contrarian Investor Dr.Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.