Emerging markets are looking slightly better

There is some optimism about the Indian markets because the current account deficit (CAD) is shrinking, and the rupee, which was very weak until about five months ago, has been strengthening. Though, I think the rupee will weaken again. The global investors look at valuations, they have their models, they see Turkey, Russia, Brazil, India, Vietnam and China as relatively depressed markets, and so they have moved some money into these markets. If have to choose between US and India for investing all your money today, I think I will probably choose India. The corporate sector is run quite well in India.

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

US Bonds have bottomed

It appeared US bond markets or interest rates had bottomed out in July 2012, before US Federal Reserve implemented the QE3 and QE4 programme. Since then the yield on 10-year treasury note has risen from 1.43 per cent to over 2.7 per cent, so, in other worlds, interest rates have already started going up.

My sense is in 10 years, interest rates based on long US bonds will be higher than they are today... Since we have a huge rally in the US stocks since October 2011,

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