Emerging Markets Can Correct 30 Percent says Marc Faber

Dr. Marc Faber believes that Emerging Markets Can Correct 30 Percent
"In a television interview, Faber has said that he expects global equity markets to correct from here on. In fact, he's put a number of 30% for the correction that could take place in emerging markets. Faber blames rising inflation and higher oil prices as factors that could bring about a global instability, thus causing stock markets to react negatively." - in EquityMaster
Contrarian Investor Dr.Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.