On CNBC's Fast Money Halftime Report yesterday, Marc Faber, founder of the Gloom, Boom & Doom Report, said:
"I think we'll make a peak in the next 30 to 60 days and then go down meaningfully—20 to 30 percent. Don't forget many stocks are already down 10 percent. The home builders are down roughly 15 percent. Airlines have just dropped around 10 percent."