Marc Faber : US Stocks Could Fall 20%

“I believe globally we are faced with slowing economies and disappointing corporate profits, and I will not be surprised to see the Dow Jones [.DJI 13140.16 37.63 (+0.29%) ], the S&P [.SPX 1414.89 1.78 (+0.13%) ], the major indices, down from the recent highs by say, 20 percent,” Marc Faber, told CNBC on Tuesday “That is not a big decline. If you can’t take a 20 percent decline, don’t get out of your bed in the morning,” he added.