"I think stocks are, by and large, fully priced," Faber said. "I think the experience with quantitative easing is a complete failure. It has lifted asset prices and created asset inflation, but it hasn't lifted the standard of living of most people in the U.S. nor worldwide."
Marc Faber thinks stocks will correct by 20 percent to 30 percent but said they will present good value only if they drop more. With CNBC's Jackie DeAngelis and the "Futures Now" traders.
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.
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