Marc Faber's prediction comes true

In February, Marc Faber in an interview with CNBC-TV18 predicted that the Indian market (BSE) was on a bubble and that it would fall to 14000 – 12000 (the market was around 18000 then).  What a fall it has been since.  We have already touched 8000, though the markets have slowly inched upto 9500, we are still not out of the woods.  With the US and other major economies into a recession, we are indeed looking at some tough months ahead.

I had made light of Marc Faber’s predictions then.  Now i have ended up with my foot in the mouth 😉

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  • dinu

    come on, it just happened, following what happened in the US, if he predicted that world economy will go to recession, I will call him “smart”

  • soham shah

    Anyone can make predications ..

    Sometimes it comes out true and most of the time it fails !!

    Nobody can predict the stock market happenings !!

  • kuldip

    Faber predictions were based on basic economics. The sudden growth in stock market was all due to Foreign Institutional Investors (FII). These FII are simple businessman looking for profit. They came to india, invested heavily, and then when they needed money (cos of US recession and other factors) they simply pulled back their money out. And India stands where it was 2 years ago.