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Mark Mobius: Global markets will plunge 30%
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Monday, August 10, 2009
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By Daily Crux Editor Sean Goldsmith:

Emerging markets guru Mark Mobius says global stocks will fall as much as 30% as companies take advantage of the recent rally to sell more shares…

"When you have these rapid increases, almost without correction, you will definitely have a correction at some point, so we can expect a lot of volatility," said Mobius. "Increases of 70 percent will be followed by decreases of 20 to 30 percent."

The MSCI World Index is up 54% from its 13-year low on March 9.

But Mobius obviously sees this drawback as a great entry point. He plans on doubling Templeton Asset Management's emerging-market assets within two years.

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Topics: Emerging Markets | Guru | Stocks
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