Thursday, February 23, 2017

Euphoria in the markets

I like the US markets in a sense that, for the first time since the bull markets began in March 2009. There is a euphoric move. In other words we are leading to a top somewhere here. 

Tuesday, February 14, 2017

Tuesday, February 7, 2017

Emerging markets to perform well compared to US markets

For the next 10 years, one will make more money in emerging markets than in the US. By historical standards, the US markets are extremely expensive and there is hardly any earnings growth.

In the last five years, we have seen an enormous inflow into ETF (exchange traded funds) and index funds and that has boosted large market capitalisation stocks in all markets, including India. The larger companies are relatively expensive in India. On the other hand, you have a lot of smaller companies that have been overlooked and neglected.

Tuesday, January 31, 2017

Marc Faber warns against protectionism and travel bans

Protectionism, I guarantee you, is not going to be good for the US. What if I'm a foreigner and I see a travel ban. So the private citizens, they see a travel ban on Muslims. Anyone with any brains will think what if tomorrow there is a travel ban on the Chinese and I own a property in the US or I own assets in the US and I can't access assets in the US. So I think this travel ban, psychologically, will have a very negative impact in the long run on the U.S. dollar and U.S. assets.