Stock market crash marc faber

Famed contrarian Marc Faber has been steadily predicting a stock market crash for the past couple years. Needless to say, that hasn't quite happened.

Eventually we will end the year substantially lower," he said. He said tracking major stock indices won't show the overall weakness in the market because they only include a fraction of stocks and companies. Read More Marc Faber: Faber specifically points to the industrials sector, which has been dragged down by transportation stocks.

He said this weakness will be aggravated by problems overseas, as economies in Asia start to slow. Exports are going to be disappointing and because multinationals have a large portion of the earnings, the diminishing values of foreign currencies will have a negative impact," he said.

Marc Faber: Trump's Financial Plans Won't Save the U.S. Stock Market - The Wall Street Examiner

Faber is well-known for his bearish calls on the market that have yet to come to fruition. He also predicted a 40 percent drop in stocks, and an impending recession in the next six months.

Faber said he believes China's economy is heading toward a recession as well. Recession is coming this year. In preparation for a market crash, Faber supports buying gold, as the commodity has tumbled and continues to trade around multi-year lows.

He's also long called for gold and gold miners to rally, a call that has not yet panned out, either. Want to be a part of the Trading Nation? If you'd like to call in to our live Monday show, email your name, number and a question to TradingNation cnbc.

Some experts forecast the group could see further upside as one popular ETF just broke through a round-numbered level.

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Expect an ‘avalanche’ of selling when this market breaks, says Marc Faber - MarketWatch

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Dr. Doom's Back: Marc Faber Warns Markets Will Fall "Like An Avalanche Trump Can't Stop It" | Zero Hedge

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Gloom Boom Doom by Marc Faber

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