Marc Faber Interview with the Economic Times 20 Aug 2009

“We had a very powerful rally starting at the beginning of the year and after March many emerging markets have gone up over 100 per cent or so. So, a correction is nothing unusual at this stage of the cycle. Although the global economy has stabilized, we are not out yet of the woods and valuations have become somewhat stretched. Stocks didn’t go up necessarily because of improving fundamentals but because of liquidity injection and large stimulus package from all over the world,” said Dr Marc Faber speaking author editor and publisher of the Gloom Doom and Boom Report and investment guru in an exclusive interview with the economic Times ET Now speaking about the the global markets