Noted short seller Bill Fleckenstein believes stocks can fall even more after Friday's market carnage.
"I think there's much more to go. The exact path we can debate because none of us know," he said on CNBC's "Fast Money."
The major U.S. averages each fell more than 2 percent Friday, bringing the S&P 500's losses to 8 percent this year. Oil prices helped send equities lower, as U.S. crude settled down 5.7 percent.