Stocks : I don't think they are the greatest bargain anymore

"I don't think there's a lot of money to be made in equities for the next 12 to 24 months," Faber, also known as Dr. Doom, told CNBC.

"We are in a bull market that is more than four years old," with the rally beginning in March 2009, he noted. "Four years into the economic expansion, I don't think that stocks are the greatest bargain anymore."

Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.