Sensex can dip to 30,000; PNB scam dents investors' confidence: Marc Faber

In the case of the recent fraud at PNB, it does not impact the economy, but it does impact the confidence in the country's financial system

After a strong start to 2018, markets have been on a roller-coaster ride over the past few weeks. MARC FABER, Editor and Publisher of ‘The Gloom, Boom & Doom Report’ in conversation with Puneet Wadhwa says that he is not in a rush to invest right now as he expects the markets to drift lower going ahead. He, however, remains bullish on Indian equities from a long-term perspective. Edited excerpts:

What is your market outlook for the next one year?

Calendar year 2017 (CY17) was a fabulous year for global equity markets. In dollar terms, Indian markets were up around