Investors should take a holiday from now on as the best part of the rally is over and now there are more chances that markets would go down, Marc Faber, author of the Gloom, Boom and Doom Report, told CNBC Friday.

China will take America’s title as the world’s biggest consumer and the early signs of economic recovery will appear in the fourth quarter but from the East, not the West, Sir Martin Sorrell, CEO of WPP, told CNBC.