A period of weak stock markets and strong dollar is likely to come after the strong rally in developed and emerging markets alike, Marc Faber, the author of "The Gloom, Doom and Boom Report," told CNBC.
Between 2002 and 2007 we had a bull market in assets and stocks and a weak dollar , while in 2008 the opposite was true, Faber said Wednesday. This year, we bottomed out on the S&P 500 index but the dollar was weak.
Emerging markets have seen even stronger moves since the lows hit last year and in the spring of this year, Faber said.