"I think the market is way overdue for a 20 to 30 percent correction," said Faber, the editor and publisher of the Gloom, Boom & Doom Report. But that is "nothing that worries me," he said. "In fact, I'm hoping for the market to drop 40 percent so stocks will again become—from a value point of view—attractive."
Faber added with a chuckle: "But that is not the view of someone who is fully invested—obviously not."
- Source, Marc Faber via CNBC: