Marc Faber: We haven't had the big correction...yet Marc Faber, publisher of The Gloom, Boom & Doom Report, explains why he believes that a crash could take place in the second half of the year.
Technology stocks may have suffered a sell-off in the last few weeks, but the U.S. market as a whole is still set for a dramatic correction this year, Marc Faber, the market watcher known as "Dr. Doom" told CNBC Wednesday. He said that he personally favors emerging market securities that are still "cheap," adding that he had even made investments in Iraq last year. "We had already a big break in the market but we haven't had yet the big break in the overall market," he added.
Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.Dr. Doom also trades currencies and commodity futures like Gold and Oil.