The U.S. Market could easily Drop 20 Percent

"I don't regard this as a very healthy market, " Marc Faber told CNBC from Singapore. "The U.S. market is in a very dicey position where it could easily drop 10, 20 percent." He pointed out that many stocks are already down 10 to 20 percent, such as momentum stocks which include high-flying technology and biotech shares.