A Brief History Of Marc Faber

REUTERS/Jessica Rinaldi

For amusement: Years ago, whenever there was a market sell-off, my friend Tak Hallus (Stephen Robinett) would shout at his TV tuned to CNBC "Bring out the bears!".

This was because CNBC would usually bring on the bears whenever there was a sell-off, and bulls whenever the market rallied.

Today was no exception with Marc Faber on CNBC:

And Faber from August 8, 2013:

And from October 24, 2012:

Since the market is up 30% since his 2012 prediction, shouldn't he be expecting a 50% decline now?

Friday:
• At 8:30 AM ET, the Producer Price Index for March from the BLS. The consensus is for a 0.1% increase in prices.

• At 9:55 AM, the Reuter's/University of Michigan's Consumer sentiment index (preliminary for April). The consensus is for a reading of 81.0, up from 80.0 in March.

More from Calculated Risk:

• Friday: PPI, Consumer Sentiment
• NY Times on the Smaller Budget Deficit
• "Reasons for the Decline in Prime-Age Labor Force Participation"
• Freddie Mac: "Fixed Mortgage Rates Tick Down"
• Trulia: Asking House Prices up 10.0% year-over-year in March