The stock market's run will result in either a 20 percent correction or a more nasty sell off at some point this year, Marc Faber, publisher of the Gloom Boom and Doom report, told CNBC's "Closing Bell" on Thursday.
Faber pointed out that it's been almost exactly four years since the stock market bottomed out. "We're up very substantially, I think investors who today rush into stocks should be reminded of that," he said.
Echoing comments made on CNBC earlier this week by Stanley Druckenmiller, founder of hedge fund Duquesne Capital, Faber said that it will end badly for stocks. "But unlike Stan, I believe it will end badly this year," Faber said.
CNBC
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