Join Early Retirement Today
Reply
 
Thread Tools Search this Thread Display Modes
Faber now predicting market rebound LOL
Old 08-11-2014, 08:14 AM   #1
Thinks s/he gets paid by the post
 
Join Date: Sep 2012
Location: Seattle
Posts: 2,906
Faber now predicting market rebound LOL

Has anyone done the research to figure out exactly how much money one would have lost listening to Marc Faber over the last 4 or 5 years?

I am not quite understanding how he still gets top headlines. This 2% drop we had recently he is evidently claiming as his big crash prediction.
__________________

__________________
Fermion is online now   Reply With Quote
Join the #1 Early Retirement and Financial Independence Forum Today - It's Totally Free!

Are you planning to be financially independent as early as possible so you can live life on your own terms? Discuss successful investing strategies, asset allocation models, tax strategies and other related topics in our online forum community. Our members range from young folks just starting their journey to financial independence, military retirees and even multimillionaires. No matter where you fit in you'll find that Early-Retirement.org is a great community to join. Best of all it's totally FREE!

You are currently viewing our boards as a guest so you have limited access to our community. Please take the time to register and you will gain a lot of great new features including; the ability to participate in discussions, network with our members, see fewer ads, upload photographs, create a retirement blog, send private messages and so much, much more!

Old 08-11-2014, 08:39 AM   #2
Recycles dryer sheets
 
Join Date: Aug 2012
Posts: 138
Why do they continue to give him a microphone? The financial reporters quoting Marc Faber on where the market is heading is no different than news reporters always quoting "The Donald" on world politics. Just filling up space on a news page.

Not sure who is actually listening.
__________________

__________________
Live Free is offline   Reply With Quote
Old 08-11-2014, 09:11 AM   #3
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
 
Join Date: Apr 2013
Posts: 5,578
Well he said correction and it dipped 2%. Then he watched KMP open, said the bulls are back. He's batting 1000.

Seriously I pay no attention to him or any other pundit. It's probably a good idea to do the opposite of what these people say, IMHO.

Sent from my SAMSUNG-SGH-I337 using Early Retirement Forum mobile app
__________________
MRG is online now   Reply With Quote
Old 08-13-2014, 07:41 PM   #4
Full time employment: Posting here.
UnrealizedPotential's Avatar
 
Join Date: May 2014
Posts: 573
I hate to say it,but will anyway: IMO Faber is a joke.I quit listening to him a long time ago.No one knows what the Stock market will do.That is why I just continue to invest and tune out all the noise.At some point all the Bears will be right,but the market will come back,it always has.
__________________
Understanding both the power of compound interest and the difficulty of getting it is the heart and soul of understanding a lot of things. Charlie Munger
UnrealizedPotential is offline   Reply With Quote
Old 08-14-2014, 06:18 AM   #5
Thinks s/he gets paid by the post
Jay_Gatsby's Avatar
 
Join Date: Oct 2004
Posts: 1,719
Agree generally. Blind squirrel, nut, etc... It's time in the market, not market timing. This isn't to say you should buy when everyone is jumping in, but gradual and consistent DCA will serve you well.


Sent from my iPhone using Early Retirement Forum
__________________
He had one of those rare smiles with a quality of eternal reassurance in it . . . It faced, or seemed to face, the whole external world for an instant and then concentrated on you with an irresistible prejudice in your favor. -- The Great Gatsby, F. Scott Fitzgerald
Jay_Gatsby is offline   Reply With Quote
Old 08-14-2014, 11:13 AM   #6
Moderator
rodi's Avatar
 
Join Date: Apr 2012
Location: San Diego
Posts: 8,815
I don't listen to any of these guys for market predictions. That said - he's done some good financial reporting/investigating. That's an entirely different thing.

But, yeah, I put Faber's predictions in the same camp as Kramer, Kudlow, et-al. Talking heads who have figured out that predicting stuff gets them air time.

It used to be a joke at work that you should do the opposite of Kramer on his stock picks - especially our company stock. He would manically scream that it was buy buy buy time for our stock - which would instantaneously plumet to almost penny stock levels. Then he'd yell sell-sell-sell, and the stock would go back up - (and we'd quickly sell our options/RSUs before he started yelling "buy" again. ) The Kramer contra-indicator was 100% accurate for our company stock.

I put all the financial talking heads in the same camp - noise to ignore.
__________________
rodi is online now   Reply With Quote
Old 08-14-2014, 11:59 AM   #7
Thinks s/he gets paid by the post
 
Join Date: Mar 2011
Posts: 3,702
I wish there was a tally somewhere of all the expert predictors; financial, weather, sports, political. I've grown so tired of "well, this is what is coming next" only to have the opposite occur.
It would be great if someone kept track of these frauds.
__________________
Living well is the best revenge!
Retired @ 52 in 2005
marko is online now   Reply With Quote
Old 08-14-2014, 05:48 PM   #8
Thinks s/he gets paid by the post
Jay_Gatsby's Avatar
 
Join Date: Oct 2004
Posts: 1,719
Quote:
Originally Posted by marko View Post
I wish there was a tally somewhere of all the expert predictors; financial, weather, sports, political. I've grown so tired of "well, this is what is coming next" only to have the opposite occur.
It would be great if someone kept track of these frauds.

Someone probably is, but they're not sharing.


Sent from my iPhone using Early Retirement Forum
__________________
He had one of those rare smiles with a quality of eternal reassurance in it . . . It faced, or seemed to face, the whole external world for an instant and then concentrated on you with an irresistible prejudice in your favor. -- The Great Gatsby, F. Scott Fitzgerald
Jay_Gatsby is offline   Reply With Quote
Old 08-14-2014, 06:54 PM   #9
Moderator Emeritus
 
Join Date: Oct 2007
Posts: 4,929
Quote:
Originally Posted by Jay_Gatsby View Post
Someone probably is, but they're not sharing.
CXO Advisory has been tracking many of the gooroos who have been making regular, quantifiable forecasts. This doesn't include the 'doom is coming, maybe, eventually' crowd, but it does include some well known talking heads.

Stock Market Guru Grades - CXO Advisory

Quote:
The following chart tracks the inception-to-date accuracy of all 6,582 graded forecasts in the sample. The extreme values early in the sample period relate to small cumulative samples. Terminal accuracy is 46.9%, an aggregate value very steady since the end of 2006.
Sure sounds like coin-flipping to me...

Oh, and the suspect under discussion...

Guru Forecasts Accuracy

Marc Faber 164 44.6%
__________________

__________________
M Paquette is offline   Reply With Quote
Reply


Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
 
Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


Similar Threads
Thread Thread Starter Forum Replies Last Post
Free ebook by Mebane Faber MichaelB FIRE and Money 5 04-19-2014 03:11 PM
Mebane Faber portfolio comparison kevink FIRE and Money 6 08-26-2013 09:27 AM
Predicting SWR based on current market DblDoc FIRE and Money 10 08-06-2011 09:49 AM
Cities where housing set to rebound? Orchidflower Life after FIRE 12 02-18-2010 04:20 PM

 

 
All times are GMT -6. The time now is 08:55 PM.
 
Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2017, vBulletin Solutions, Inc.