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.