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Wednesday, June 12, 2013

Markets have Corporate bonds fully priced

The corporate bond market in emerging markets is fully priced. The high yield bond market in the last two weeks, has gone down by 6 to 7 percent. The equity markets in the Indonesia, Philippines, Thailand are in the sky. They are already expensive. Good companies they sell at 20 to 25 times earning, I don't think there's great value there.

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


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