Technology stocks may have suffered a sell-off in the last few weeks, but the U.S. market as a whole is still set for a dramatic correction this year, Marc Faber, the market watcher known as "Dr. Doom" told CNBC.
The editor and publisher of The Gloom, Boom and Doom Report said that he personally favors emerging market securities that are still "cheap," adding that he had even made investments in Iraq last year.