Marc Faber says Stocks may Rally

"The market in February became extremely oversold, and from this extremely oversold position, we can have a relatively strong rally," Faber told CNBC's "Squawk Box."

Marc Faber, "Gloom, Boom & Doom Report," says oversold stocks could send markets and oil higher in the near term but continue to fall over time because the global economy is slowing down. A lot of U.S. growth was driven by credit growth, says Faber.








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.