There is Value in Precious Metals Mining Companies

Faber said that the nomination of Janet Yellen to head the Federal Reserve could lead to an even bigger bubble.

"With all this collection of dovish professors at the Fed, that actually the asset-purchased programs could be increased—not tapered, increased," he said. "There's no great value in equities with very few exceptions, but it can become even more overvalued."

The Nasdaq was overvalued in the summer of 1999 but continued climbing until March 2000, Faber noted.

"The fact that the market goes up doesn't necessarily make it good value," he said.

Faber said that he saw value in mining companies, particularly precious metals. - in cnbc.com

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

Opportunities in individual smaller cap stocks in India

We are down in India from the early 2008 high by 40 percent in US dollar terms, in other words adjusted for the currency movements. We are not down 40 percent in rupee terms, but in dollar terms. I think that people pay too much attention to GDP growth figure etc and should rather focus more on individual companies.
The problem in Emerging economies is that a lot of money has flowed in and it has boosted the valuation of essentially very liquid stocks or big market cap stocks whereas smaller cap stocks are reasonably priced.
So I think there is an opportunity in India, whether the index will go up a lot or not that I do not know, but for the active investor that does not buy the index, I see an opportunity.


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